MONEY
Private credit investments stay flat at $3.4 billion in H2 of 2025
- IBJ Bureau
- Feb 19, 2026
Private credit investments have remained flat at $3.4 billion in the second half (H2) of 2025 as against $3.3 billion in the H2 of 2024, according to a report by auditing and consultancy firm EY.
However, for the full year of 2025, the investments have seen a 35 per cent YoY jump in 2025 at $12.4 billion, the report adds.
Over 35 per cent of capital deployed in H2 of 2025 was allocated towards refinancing debt, acquisition financing and capital expenditure, indicating sustained demand for both balance-sheet optimisation and growth-oriented funding, EY has said.
Real estate has received the highest allocation from the private credit funds followed by healthcare and industrial products, with capex funding and refinancing debt as key drivers, it has said. The report adds that during the period, domestic funds have accounted for larger share of investments than foreign funds.
While deals exceeding $100 million represent 9 per cent of total deal count, they account for nearly 36 per cent of aggregate deal value. Notable transactions during the period include $193 million raised by a PharmEasy group entity and $183 million mopped up by a Shapoorji Pallonji Group entity for refinancing as well as $182 million secured by the GMR Group for refinancing and other investments across group companies, it has said.
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