August's most read: Demand for private credit set to rise; Sun Life eases out of China, Hong Kong equity

Demand for private credit set to rise as PE valuations slump The private debt market has grown at a steady pace over the past decade, and despite a slowdown in deals, investors anticipate strong interest amid higher interest rates and lower private equity (PE) valuations. Even though the amount of dry powder has skyrocketed from $17.7 billion in 2010 to $147.6 billion in 2020, fundraising has plateaued over the past few years. Reasons for this slowdown include lower interest r…