ACC’s Private Credit in Asia 2.0 maps how APAC private credit AUM is set to grow from US$59bn in 2024 to US$92bn by 2027, a 16% CAGR from a still-nascent base. The report tracks investor demand, wealth-channel growth and regulatory complexity across more than 50 markets.
Source / Author: Alternative Credit Council (ACC), in collaboration with Broadridge, EY and Simmons & Simmons
Publication Date: November 2025
Document with my annotations:
Focus:
Flagship mapping of the Asia-Pacific private credit market—its size, growth drivers, investor base, structures and regulatory landscape—projecting how the asset class scales through 2027.
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• APAC private credit AUM is projected to grow from US$59bn (2024) to US$92bn (2027), a 16% CAGR, outpacing global private markets and signalling rapid institutionalisation from a still-small base.
• Despite APAC contributing nearly two-thirds of global economic growth in 2023, private credit will represent only about 1.8% of the region’s overall credit market by 2027—highlighting substantial headroom for balance-sheet reallocation.
• APAC investors’ share of global private credit AUM is expected to rise from 32% (2020) to 36% (2027), with regional investor commitments growing at roughly 17.6% CAGR between 2024 and 2027, led by China, India and Australia.
• Fund selectors in APAC plan to lift private debt allocations from 9% (2023) to 39% (2025), with net intent to increase allocations of +11 percentage points, putting private debt on par with the US as a core portfolio component.
• Private wealth investors are forecast to account for 28% of APAC private credit AUM by 2027, signalling a powerful shift from purely institutional LP capital toward HNW and retail-linked distribution channels.
• The structural demand backdrop includes an estimated US$26tn infrastructure investment need through 2030, alongside persistent SME and mid-market financing gaps as banks retrench—creating a long runway for non-bank credit solutions.
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• Market size: USD 59 billion (APAC private credit AUM, 2024)
• Growth rate: 16% CAGR (APAC private credit AUM, 2024–2027)
• Adoption or yield metrics: Private wealth investors projected to hold 28% of APAC private credit AUM by 2027; APAC fund selectors’ allocations to private debt expected to reach 39% by 2025 (from 9% in 2023).
• Other key metric: Estimated US$26 trillion in infrastructure investment needs across APAC through 2030, supporting long-duration demand for private credit capital.
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For institutional allocators, this report confirms that APAC private credit is moving from “interesting niche” to structurally relevant allocation, with growth driven as much by local LPs and wealth channels as by global managers. The combination of modest current penetration (~1.8% of regional credit by 2027) and a 16% AUM CAGR creates a classic S-curve moment for strategy-builders. At LucUnchained.com, the implications span private credit and tokenization: scalable deployment into SME, trade and infrastructure receivables is a natural fit for on-chain fund wrappers and distribution. At the same time, the report’s emphasis on regulatory fragmentation across more than 50 markets underscores that any digital-asset or tokenized-credit thesis in Asia will live or die on jurisdictional structuring, creditor rights, and cross-border capital-flow management rather than pure technology.
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Citation:
Source: Alternative Credit Council (ACC), in collaboration with Broadridge, EY and Simmons & Simmons, “Private Credit in Asia 2.0,” November 2025.