Wealthy US investors pile $48bn into private credit funds

Wealthy US investors are piling billions into private credit funds, new data shows.

Figures from investment bank RA Stanger show private credit funds attracted $48bn (around £36bn) from wealthy individuals in the US in the first six months of 2025 – more than the total they raised in 2023.

Read more: Private credit delivering attractive returns despite uncertain markets

The private credit industry is set to beat the $83.4bn raised in 2024. Blackstone is leading the charge, with its marquee private credit fund, Bcred, raising $6.5bn this year alone, bringing its total assets to $73bn.

Blue Owl, Apollo, Ares and Cliffwater are also among the biggest players.

Read more: Private credit market set for significant growth in 2025

Earlier this year, ratings agency Moody’s predicted rapid growth in the private credit market in 2025, with expectations that the secotr will be worth $3tn (£2.22bn) by 2028.

Read more: Moody’s tips private credit market for $3tn growth