VIDEO Banking & Finance Private credit will be ‘hottest asset class in the region’ By Shruthi Nair October 31, 2024, 8:07 AM Private credit has yet to take off in the Middle East but will become the “hottest asset class” in the region, according to Ted Koenig, CEO of US asset manager Monroe Capital. Speaking to AGBI at the Future Investment Initiative conference taking place this week in Riyadh, Koenig explained why private credit – non-bank lending to businesses, by private investors – is still a small market in the Gulf and why he expects this to change. “As investors become educated and understand it, the same thing will happen as happened in the US and Europe, and is happening today in Asia. Private credit is going to be a 20 percent allocation to most institutional investors and sovereign wealth funds.” Watch the full interview above Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
