AllianceBernstein recently reported, citing data from Prequin, total assets in private credit reached $1.6 trillion in 2023, nearly twice where they were in 2020 and four times where they were six years ago. Additionally, according to the same report, Prequin projects that by 2027, private assets will reach $2.3 trillion. That’s nearly double the size the current equipment finance sector.

The Federal Reserve offers the following perspective: