Blackstone (BX) sees a $200 billion investment potential in European credit deals over the next decade amid factors such as an improved fiscal and monetary environment in the region, Bloomberg News reported, citing a company executive.

"In credit specifically, because there's less capital here in Europe, we see excess spreads, we see lower leverage levels, that's why we have been active," Bloomberg reported, citing Michael Zawadzki, global chief investment officer for Blackstone credit and insurance.

Asset-backed finance and infrastructure debt are still at an early stage in Europe and are expected to grow, Zawadzki reportedly said, adding that 2024 was the most active year yet for the private-equity giant in European private credit.

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