Private Credit Firms Get $1 Trillion Boost From The Competition
The relationship between traditional lenders — i.e., banks — and their private credit competitors can best be described as complicated.
A worker wearing protective gloves counts U.S. dollar banknotes.
Photographer: Francesca Volpi/BloombergWelcome to Going Private, Bloomberg’s twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we take a look at how money managers are trying to bring private investing to the masses. But first, we delve into why US banks are financing their biggest competitors. If you’re not already on our list, sign up here. Have feedback? Email us at goingprivate@bloomberg.net — Erin Fuchs
The relationship between traditional lenders — i.e., banks — and their private credit competitors can best be described as complicated.