Private debt market to nearly double to $3.5T by 2028, BlackRock predicts (NYSE:BLK)


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The already fast-growing private debt market is set to almost double to $3.5T by 2028, BlackRock (NYSE:BLK) predicted this past week, citing “tectonic shifts” that are taking hold.

With high U.S. interest rates hampering returns of duration-sensitive assets (e.g., fixed-rate bonds) in financial markets, investors

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