This page collects key, frequently-cited statistics on private credit and business-purpose real estate lending in 2026, with sources. Figures are educational, drawn from public industry research, and are not investment advice. Last updated: June 2026.
Key private credit statistics at a glance
| Statistic | Figure | As of | Source |
|---|---|---|---|
| Global private credit AUM | ~$3–3.5 trillion | 2025 | Morgan Stanley, AIMA |
| Private credit AUM (2020) | ~$2 trillion | 2020 | McKinsey |
| Projected AUM | ~$5 trillion | 2029 (proj.) | Morgan Stanley |
| Growth since 2007 | ~10x | 2007–2025 | Industry research |
| Capital deployed | $592.8 billion | 2024 | Industry data |
| Year-over-year deployment growth | +78% | 2024 vs 2023 | Industry data |
| U.S. CRE loans maturing | $4 trillion+ | 2025–2029 | CBRE |
| Peak maturity year | ~$1.26 trillion | 2027 | CBRE |
| Avg. new CRE loan rate | ~6.2% | 2024 | Industry data |
| Avg. rate on maturing loans | ~4.3% | 2024 | Industry data |
| Private credit target yields | ~9–13% | 2026 | Industry research |
How fast is private credit growing?
Private credit — direct, non-bank lending to businesses and real estate — has expanded about tenfold since 2007. It reached roughly $3 trillion in assets under management at the start of 2025 (some bodies cite $3.5T), up from ~$2T in 2020, and is forecast to approach $5 trillion by 2029. A record $592.8 billion was deployed in 2024, up 78% year over year.
How big is the CRE maturity wall?
More than $4 trillion in U.S. commercial real estate loans mature between 2025 and 2029, climbing to a peak of about $1.26 trillion in 2027. These loans reprice into a higher-rate environment — new CRE loans averaged ~6.2% in 2024 versus ~4.3% on maturing loans — pushing refinancing demand toward private, business-purpose capital as banks pull back.
| Year | U.S. CRE loans maturing |
|---|---|
| 2024 | ~$946B |
| 2025 | ~$998B |
| 2026 | ~$1.15T |
| 2027 | ~$1.26T (peak) |
| 2028 | ~$1.14T |
What returns does private credit target?
Private credit commonly targets 9–13% yields on senior-secured, often floating-rate structures, and has historically shown low correlation to public equities and bonds — one reason institutional and private investors use it to diversify.
Which CRE sectors look strongest in 2026?
| Sector | 2026 signal |
|---|---|
| Multifamily | Strongest expected performer (vacancy ~4.4%, easing) |
| Industrial / logistics | Preferred, resilient |
| Data centers | Demand outpacing supply |
| Retail | Necessity-anchored recovering |
| Office | Bifurcated (trophy vs transitional) |
Cap rates are expected to compress slightly (5–15 bps) and transaction volume to rise (~15–20%) as capital re-enters in 2026.
How to cite this page
Bancaverse, “Private Credit & Business-Purpose Lending Statistics (2026),” bancaverse.com/private-credit-statistics. Figures compiled from public research by Morgan Stanley, AIMA, McKinsey, BNY, S&P Global, CBRE, Deloitte, and KKR.
Estimates only — educational, not an offer of credit, and not financial, legal, or tax advice. Business-purpose, non-owner-occupied investment financing only. Bancaverse is a private-credit platform and business-purpose mortgage broker, not a lender (Bancaverse LLC).