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Private credit will be ‘hottest asset class in the region’

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

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