Article
Today's Private Credit Opportunity
This paper is part of a new series from BlackRock that explores the forces driving global capital markets and the opportunities they create to strengthen investors’ financial well-being and economic security. The goal of the series is to help clients, policymakers and the public navigate change with clear analysis, practical insights and a long-term perspective.
The series kicks off with a look at private credit, a market BlackRock anticipates will double in size by the end of the decade.1 This paper examines private credit’s role in supporting economic growth and strengthening investors’ portfolios.
Key Points
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We see a growing opportunity in financing private companies
Private credit is expanding as firms remain private for longer, public debt and equity markets face structural shifts, and the bank lending landscape evolves. There’s a $41 trillion revenue pool across large private businesses in the US, EU and UK, presenting a significant opportunity for financing middle-market companies and larger firms.2
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Innovation is expanding investor access to private credit
Innovation is opening private credit to a wider set of investors, with lower entry points, improved liquidity and greater transparency. Adding private credit to a portfolio can help diversify investments, offer income and inflation protection, and improve overall performance. It also gives access to a key engine of economic growth that’s often missing from traditional fixed income.
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Offering access to private markets is part of our ongoing efforts to help people invest better
BlackRock is expanding client access to private credit through innovation, strategic acquisitions and a focus on transparency via data and insights. By making private markets more accessible, we aim to offer investors complements to public securities while channeling capital into businesses and communities worldwide.
Read the full paper by clicking here and visiting the BlackRock website.
End Notes
1 Source: BlackRock, Preqin, Cliffwater. Historical data from Preqin and Cliffwater as of March 2025
2 Source: S&P Capital IQ, BlackRock. As of August 19, 2025.
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