Financial Accounts of the United States - Z.1
S124.8.t Private debt funds 🕮 PDF
| Line | Description | Series | 2023 | 2024 | 2025 | 2025:Q1 | 2025:Q2 | 2025:Q3 | 2025:Q4 | 2026:Q1 | 2026:Q2 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Line 1 | Net acquisition of financial assets | FA444090000 | 57.4 | 87.8 | 90.3 | 70.2 | 80.9 | 83.7 | 126.3 | 28.4 | 81.7 |
| Line 2 | Checkable deposits and currency | FA443020003 | -1.3 | 5.1 | 3.6 | 1.9 | -10.7 | 12.4 | 10.8 | -21.2 | 2.6 |
| Line 3 | Debt securities (corporate and foreign bonds) | FA443063000 | 16.7 | -10.7 | 3.2 | 5.7 | 0.2 | -3.7 | 10.6 | 21.8 | 16.4 |
| Line 4 | Loans (private credit loans) | FA443067205 | 34.6 | 48.2 | 51.5 | 56.2 | 57.3 | 34.7 | 58.0 | 85.6 | 50.0 |
| Line 5 | Private credit loans to domestic business | FA443067200 | 32.9 | 44.9 | 49.7 | 52.0 | 55.2 | 34.8 | 57.1 | 82.8 | 46.1 |
| Line 6 | Private credit loans to rest of the world | FA263167240 | 1.7 | 3.2 | 1.8 | 4.2 | 2.2 | -0.1 | 0.9 | 2.9 | 3.9 |
| Line 7 | Corporate equities | FA443064100 | 10.2 | 20.4 | 22.5 | 10.7 | 35.9 | 18.8 | 24.6 | 29.4 | 19.1 |
| Line 8 | Money market fund shares | FA443034003 | 1.6 | 1.5 | 0.4 | 3.1 | -6.0 | -1.0 | 5.4 | -3.2 | 0.5 |
| Line 9 | Miscellaneous assets | FA443093005 | -4.4 | 23.4 | 9.0 | -7.4 | 4.1 | 22.4 | 16.9 | -84.0 | -7.0 |
| Line 10 | Net increase in liabilities and shares | FA444194005 | 57.4 | 87.8 | 90.3 | 70.2 | 80.9 | 83.7 | 126.3 | 28.4 | 81.7 |
| Line 11 | Net increase in liabilities | FA444190005 | -23.8 | 34.8 | 60.3 | 27.4 | 55.4 | 79.2 | 79.1 | 82.7 | 80.0 |
| Line 12 | Loans | FA444141005 | 6.4 | 10.0 | 23.0 | -17.5 | 22.3 | 43.0 | 44.1 | -13.3 | 49.5 |
| Line 13 | Depository loans n.e.c. | FA443168000 | -0.2 | 0.4 | 17.8 | 5.8 | 24.2 | 28.3 | 12.9 | -16.4 | 33.6 |
| Line 14 | Other loans and advances | FA443169005 | 6.6 | 9.5 | 5.2 | -23.3 | -1.9 | 14.7 | 31.2 | 3.1 | 15.9 |
| Line 15 | Miscellaneous liabilities | FA443193005 | -30.2 | 24.9 | 37.3 | 44.8 | 33.1 | 36.2 | 35.1 | 96.0 | 30.5 |
| Line 16 | Net share issues | FA443164500 | 81.2 | 53.0 | 30.0 | 42.9 | 25.5 | 4.4 | 47.1 | -54.3 | 1.7 |
Note:
- Data begin 2012:Q4. Private debt funds include senior direct lending, subordinated direct lending, opportunistic, asset-backed lending, and other unclassified private debt funds.
Last Update: September 11, 2026