Financial Accounts of the United States - Z.1
S124.8.s Private debt funds 🕮 PDF
| Line | Description | Series | 2023 | 2024 | 2025 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 | 2026:Q1 | 2026:Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Financial assets | FL444090000 | 754.6 | 842.5 | 938.7 | 843.6 | 863.1 | 874.2 | 938.7 | 917.7 | 935.0 |
| Line 2 | Checkable deposits and currency | FL443020003 | 29.7 | 34.9 | 38.5 | 35.3 | 32.7 | 35.8 | 38.5 | 33.2 | 33.8 |
| Line 3 | Debt securities (corporate and foreign bonds) | FL443063000 | 122.7 | 111.1 | 118.2 | 111.3 | 110.4 | 108.9 | 118.2 | 118.6 | 121.4 |
| Line 4 | Loans (private credit loans) | FL443067205 | 432.5 | 480.6 | 532.2 | 485.0 | 497.4 | 500.8 | 532.2 | 543.5 | 554.1 |
| Line 5 | Private credit loans to domestic business | FL443067200 | 403.2 | 448.2 | 497.9 | 452.3 | 464.5 | 468.0 | 497.9 | 509.3 | 519.2 |
| Line 6 | Private credit loans to rest of the world | FL263167240 | 29.2 | 32.4 | 34.2 | 32.7 | 32.9 | 32.8 | 34.2 | 34.2 | 34.9 |
| Line 7 | Corporate equities | LM443064100 | 128.2 | 149.7 | 172.8 | 148.3 | 155.9 | 164.3 | 172.8 | 173.5 | 177.6 |
| Line 8 | Money market fund shares | FL443034003 | 5.3 | 6.8 | 7.2 | 7.6 | 6.1 | 5.9 | 7.2 | 6.4 | 6.5 |
| Line 9 | Miscellaneous assets | FL443093005 | 36.1 | 59.4 | 69.9 | 56.0 | 60.7 | 58.6 | 69.9 | 42.5 | 41.5 |
| Line 10 | Liabilities and shares | FL444194005 | 754.6 | 842.5 | 938.7 | 843.6 | 863.1 | 874.2 | 938.7 | 917.7 | 935.0 |
| Line 11 | Total liabilities | FL444190005 | 302.4 | 337.2 | 397.5 | 330.7 | 342.8 | 357.0 | 397.5 | 404.6 | 423.7 |
| Line 12 | Loans | FL444141005 | 201.1 | 211.1 | 234.1 | 204.0 | 207.7 | 219.3 | 234.1 | 227.7 | 238.4 |
| Line 13 | Depository loans n.e.c. | FL443168000 | 132.0 | 132.5 | 150.3 | 131.2 | 135.4 | 143.3 | 150.3 | 143.1 | 149.9 |
| Line 14 | Other loans and advances | FL443169005 | 69.1 | 78.6 | 83.8 | 72.8 | 72.3 | 76.0 | 83.8 | 84.6 | 88.6 |
| Line 15 | Miscellaneous liabilities | FL443193005 | 101.2 | 126.1 | 163.4 | 126.7 | 135.1 | 137.7 | 163.4 | 176.9 | 185.2 |
| Line 16 | Total shares outstanding | LM443164500 | 452.2 | 505.2 | 541.3 | 512.8 | 520.3 | 517.2 | 541.3 | 513.1 | 511.4 |
| Memo: | |||||||||||
| Line 17 | Fair value of private credit loans | LM443067215 | 426.4 | 474.4 | 527.5 | 479.4 | 493.6 | 496.5 | 527.5 | 534.1 | 542.6 |
| Line 18 | Dry powder(2) | FL442000093 | 245.7 | 260.0 | 307.4 | 248.8 | 259.0 | 266.9 | 307.4 | 338.5 | 345.2 |
Notes:
- Data begin 2012:Q4. Private debt funds include senior direct lending, subordinated direct lending, opportunistic, asset-backed lending, and other unclassified private debt funds.
- Not included above.
Last Update: September 11, 2026