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Private credit funds raised £21 billion this year amid commercial lending shift

Non-bank lenders fill financing gaps as traditional banks retreat, but analysts warn of heightened market risks
The growth in private credit has been particularly pronounced in Europe. (Getty Images)
The growth in private credit has been particularly pronounced in Europe. (Getty Images)

Private credit funds have raised £21 billion in the first half of 2025 for commercial real estate investments, accelerating a trend that has seen these non-bank lenders emerge as major players in the property finance market.

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