Private credit fundraising in the Asia Pacific region experienced a sharp decline in the first nine months of 2025, reaching only $2 billion. This figure represents just 42% of the $4.8 billion raised throughout 2024. The primary drivers behind this downturn were investor concerns over an impending economic slowdown and rising inflation, particularly within the Asia Pacific markets.
Globally, the private credit asset class also saw a reduction in fundraising, collecting $134.7 billion from January through September 2025. This amounts to 68.34% of the $197.1 billion raised in the entirety of 2024, indicating a broader trend of investor caution.
Despite the recent dip, industry experts like RJ Joshua, head of private debt at Preqin, anticipate a rebound in 2026, fueled by expected US interest rate cuts and an improvement in investor sentiment. He notes that private credit continues to enjoy investor confidence, with a November Preqin survey revealing that 60% of investors use private credit for steady income and risk diversification, and 73% found the asset class met their expectations. Joshua projects global private credit assets to grow from $2.09 trillion in 2024 to $4.5 trillion by 2030, an average annual growth rate of 13.57%.
