BlackRock Pursues Private Credit Opportunities in India’s Expanding Market
BlackRock Inc. the largest asset manager globally is actively seeking direct lending opportunities across various sectors in India's rapidly growing private credit market. According to Celia Yan head of APAC private credit at BlackRock the firm is targeting both large enterprises with multiple subsidiaries and young entrepreneurs launching startups. India is emerging as a key player in private credit within Asia driven by Prime Minister Narendra Modi's growth ambitions and deregulation initiatives that are increasing funding requirements for local businesses. Private credit investments in India reached a record $6 billion in the first half of 2024 as reported by EY. The global private credit market has seen substantial growth since the financial crisis with BlackRock aiming to expand its presence in this area. Yan noted that one advantage in India's market is the relative ease of exit for lenders due to the high number of financiers willing to assume refinancing risks.
BlackRock Pursues Private Credit Opportunities in India’s Expanding Market
BlackRock Inc., the world's largest asset manager, is actively pursuing direct lending opportunities across a diverse range of sectors within India's rapidly growing private credit landscape. Celia Yan, head of APAC private credit at BlackRock, emphasized that the firm is focusing on both large enterprises with multiple subsidiaries and emerging entrepreneurs launching innovative startups.
India has positioned itself as a pivotal player in the Asian private credit market, spurred by Prime Minister Narendra Modi's ambitious growth initiatives and deregulation efforts that are amplifying funding needs for local businesses. A recent EY report highlights that private credit investments in India reached an unprecedented $6 billion in the first half of 2024, reflecting robust demand and confidence in the sector.
Since the global financial crisis, the private credit market has expanded significantly, and BlackRock aims to enhance its footprint in this area. Yan pointed out that a distinct advantage in India’s market is the relative ease of exit for lenders, attributed to the high number of financiers willing to take on refinancing risks. This dynamic not only fosters a more fluid investment environment but also encourages innovation and growth among borrowers across the country.
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