Private credit is gaining momentum as banks shift towards it, with investments on Wall Street and in Hong Kong. In Q1 24, banks reclaimed half of the $20bn that moved to private credit last year, signaling a potential shift in the financial landscape. The rise of private credit is seen as a solution for companies with specific financing needs that traditional banks may struggle to cater to, according to Clifford Lee, Global Head of Investment at DBS Bank.
“A group of companies that might be asset rich but cashflow restrained, or require pre-IPO or single stock-based financing - things that banks traditionally find it harder to lend to, that is where private credit comes in.” — Clifford Lee, @dbsbank Global Head of Investment…
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Does Hong Kong really need 197,800 bankers, asks @shuli_ren, when deep-pocketed private credit is marching in and cutting out the intermediaries? https://t.co/7sZ1DmsOI5 via @opinion
Is the boom in private credit losing steam? "In Q1 24, banks clawed back just over 1/2 of the $20bn that shifted in favour of private credit last year" But "private credit could be the Ozempic to help banks on yet another diet" My latest for @ft 🧵 https://t.co/Xs8Cctif9a
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How private credit became one of the hottest investments on Wall Street https://t.co/tvklYpcmpA
Is the boom in private credit losing steam? https://t.co/ht8lrssHpn | opinion
Breakingviews - Private credit paints a new scream for banks https://t.co/AvpEZmCQxa https://t.co/AvpEZmCQxa
From Breakingviews - Breakingviews - Private credit paints a new scream for banks https://t.co/rQk6zpoyDv https://t.co/rQk6zpoyDv