Emerging markets are on the rise for private debt
Much of the activity has been in India, one market source told PDI, where distressed debt has been attractive as a result of new bankruptcy rules.
Private debt targeting emerging markets has been trending upward in recent years, and 2018’s total may be poised to surpass last year’s final tally of $4.42 billion, according to PDI data. Firms raised $2.32 billion through the first six months of 2018, so if capital continues to accumulate at that pace, it would mark the second straight annual increase.