Private credit in Norway Staff memo
This staff memo provides a structured overview of the international and Norwegian private credit market, defines common fund structures, and maps private credit transactions involving Norwegian firms between 2017 and 2025. The authors identify transactions and estimate new lending volumes, finding that private credit to Norwegian non-financial firms remains small relative to total corporate borrowing. The memo discusses drivers of international growth, fund structures, and potential implications for financial stability, highlighting limited transparency and data gaps. It concludes that direct risks to Norwegian financial stability are currently limited but that monitoring should be strengthened in light of regulatory changes and rapid international expansion.
Publisert
Eier
Norges Bank
Forfattere
Anna Emilie Iden, Tormod Fauske Tho og Ina Lisa Tobiassen
Språk
Engelsk