Europe is catching up fast in private credit fundraising

Share of global private credit fundraising by region, %, 2024 vs 2025

2025 figures are full-year. Europe's share rose 10 percentage points in a single year, driven partly by two mega-funds — Ares Capital Europe VI (€17.1bn) and CVC European Direct Lending (€10.4bn). North America remains the largest market by assets under management despite losing fundraising share.
Chart: The Macroprudential ViewSource: PitchBook 2025 Annual Global Private Market Fundraising ReportGet the dataCreated with Datawrapper