After years of dynamic growth in the private debt market in Poland and the Central European region, the first professional report fully dedicated to this topic has been finally published. This study, prepared by Deloitte in cooperation with PSIK and leading private debt fund managers in our region, including, of course CVI, is an important step toward building knowledge, transparency, and awareness of the importance of private debt as a key tool for financing business growth.

Private debt now backed by solid analytical foundations

Over the past decade, private debt has gradually gained recognition among companies and investors in Poland and across Central Europe. However, until now, there has been a lack of in-depth research that comprehensively describes the market with a data-driven approach. The newly released Deloitte report, developed in collaboration with PSIK, fills this gap. It not only summarizes past trends but also provides a starting point for further analysis and the development of market standards for private debt in the region.

CVI – a leader and advocate of the private debt market in Central Europe for over a decade

CVI is one of the first private debt fund managers in the region and has been actively supporting the development of this form of financing for thirteen years. By engaging in education efforts targeted at both companies and investors, the CVI team promotes private debt as a flexible and effective financing tool for businesses at various stages of development—from investing in machinery and new technologies, to working capital financing, acquisitions, refinancing, and shareholder buyouts. CVI’s involvement in the creation of the report is a natural extension of this mission.

The report includes commentary from Paweł Jacel, Partner at CVI, who explains why private debt is becoming increasingly popular:

“There are several factors driving private companies to choose this form of financing. First, private debt fills the gap between bank financing and equity from private equity funds. In practice, it can be a complementary solution.”

He goes on to highlight the types of needs addressed by the funds managed by CVI:

“Small and medium-sized enterprises, which are the growth engines of Central European economies, have limited access to expansion capital—private debt financing addresses this issue. Around 60–70% of CVI’s investments are growth financing intended for capital expenditures, working capital, or acquisitions.”

The CVI expert also emphasizes the advantages of the investment form and pace:

“An important benefit of private debt transactions is the efficient and simplified investment process—at CVI, it typically takes around 6–10 weeks, which is crucial in today’s fast-paced business environment.”

A complete picture of the market and its future

The report includes data on the size of the private debt market, its growth dynamics, the most frequently financed sectors, and typical transaction structures. Comparative analyses of Central and Western European markets demonstrate that while the region is still less mature, it is developing rapidly and has significant potential for continued growth. Expert commentary, real-life deal examples, and an overview of the main challenges make this report not just a market overview, but also a practical guide for entrepreneurs and investors interested in tapping into the potential of private debt.

We  invite you to read the full report:

https://www.deloitte.com/pl/pl/services/consulting/research/Private-Debt-Report.html