India's Private Credit Market Set to Boom, Reaching USD 10 Billion in 2024
Private credit deployments in India are expected to exceed USD 10 billion in 2024, driven by growth-oriented strategies and increased participation from domestic funds and high-net-worth investors.
Private CreditIndiaEyHighnetworth InvestorsFamily OfficesReal Estate MumbaiSep 11, 2024
According to a report by EY, private credit transactions of over USD 6 billion were recorded in 96 deals during the January-June period. The last two-and-a-half years have seen over USD 20 billion being deployed in the emerging alternative serving the credit needs of Indian companies.
Major deals were witnessed across real estate, infrastructure, and healthcare sectors in the first half of the year. Domestic funds are gaining traction and market share in the private credit space leveraging local expertise and the influence of lower-cost domestic money.
Reliance Logistics and Warehousing, Vedanta Semiconductors, and Matrix Pharma collectively raised approximately USD 1.3 billion in the first half of the year. The real estate sector continued to be a focal point with borrowers such as Prestige Group, Puravankara Group, Kalpataru Group, and Shapoorji Group being active.
Frequently Asked Questions
What is the expected size of India's private credit market in 2024?
USD 10 billion
What sectors saw major deals in the first half of the year?
Real estate, infrastructure, and healthcare
Who are the major players in the private credit space in India?
Domestic funds, high-net-worth investors, and family offices
What is the outlook for private credit investments in India?
Promising, with growth-oriented strategies driving investments
What is the role of EY in the private credit market?
EY provides a range of services to help clients navigate the complexities of private credit investments
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