Private debt assets to hit all-time high of $2.8tn by 2028

From being a relative niche within the investment landscape, private debt -- and direct lending especially -- has gained increased favour among asset owners in the current higher interest rate environment. That trend is likely to continue, according to two recently released reports by Preqin. In its Future of Alternatives 2028 report, the private markets data provider forecasts that private debt's assets under management (AUM) globally will grow at a compound annual growth rate …