PZU and Pekao jointly invest in a new fund

Private debt is one of the fastest-growing segments of the financial market – its global value has already exceeded USD 1.6 trillion and may increase to USD 2.64 trillion by 2029.

The private debt market makes it possible to obtain financing not from banks or through the stock exchange, but directly from investors, e.g. investment funds, pension funds, insurers or other institutions that provide private loans, explains Pekao in a press release.

In Poland, despite its early stage of development, this market has great growth potential, becoming an increasingly attractive method of financing for SMEs and, at the same time, an attractive asset class for investors.

" The PZU FIZ Private Debt project is an exceptional example of synergy between two strong financial institutions . It's a unique initiative – the first product of this asset class in Poland available through the banking network. The joint commitment of our organizations' own funds lends credibility and confirms its solid investment foundation," said Robert Sochacki, Vice President of Bank Pekao, overseeing the Corporate Banking, Markets and Investment Banking Division.

The PZU FIZ Private Debt fund will focus on investing in private debt by providing financing to businesses in the form of loans and corporate bonds. Preferred sectors include industrial manufacturing, healthcare, TMT (technology, media, and telecommunications), trade, energy, and business services.

"The fund is another step in the development of Bank Pekao's private banking offering. [...] It's a product that combines attractive return potential with the credibility and experience of two significant financial institutions," said Błażej Szczecki, Vice President of Bank Pekao, overseeing the Branch Distribution, Private Banking, and Operations Division.