APAC remains under-lent relative to its scale.

The region accounts for more than two-fifths of global GDP and is expected to drive over 60% of global growth, yet its corporate debt markets reveal a clear gap. Asian non-financials owed about US $13.9 trillion at the end of 2024 across bonds, syndicated loans and private credit, while APAC private-credit AUM stood at roughly US $86 billion in 2024 (about 6% of a US $1.5 trillion global market). The asset mix remains heavily skewed toward equity, with private-equity to private-credit at 30:1 in APAC, compared with 5:1 in the US and 3.5:1 in Europe.

This imbalance defines the opportunity. A fast-growing economy, a bank-dependent financing base and an undersized private-credit footprint create fertile ground for disciplined, deal-level lending to scale across the region.

Read more: OECD (2025), Asia Capital Markets Report 2025, OECD Capital Market Series, OECD Publishing, Paris, https://lnkd.in/eJgEadRV.