LONDON : Private credit and infrastructure investments across emerging and developing markets surged to record levels in 2022 as borrowers looked for alternative financing options amid rising interest rates, according to a report published on Wednesday.
As firms seek alternative financing options amid the fastest interest rate hikes in decades, private credit fund managers are finding a variety of opportunities to deploy capital, which also include non-performing and distressed loans, as well as senior and junior financing for middle-market businesses.
Investments in energy transition assets doubled last year to $25.7 billion, GPCA said, with renewable energy assets and new electric vehicle startups seeing capital inflows. Electric vehicles and automotive tech companies attracted the most investment in the sector at $13.7 billion.