BlackRock targets more double-digit growth in private credit

Corporate lending chief sees previously niche category becoming a core investment

20231005N BlackRock

BlackRock sees private credit growth continuing as banks grow more cautious about lending. © Reuters

HIROFUMI TAKEUCHI, Nikkei staff writer

NEW YORK -- BlackRock, the world's largest asset management company, aims to maintain double-digit growth in its corporate lending business as companies increasingly look to private credit for financing.

James Keenan, chief investment officer and global head of private debt, spoke about the company's growth and goals in an interview with Nikkei. BlackRock's private credit assets under management totaled approximately $80 billion as of the end of June.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.