Reported about 16 hours ago
BMO Financial Group has formed a partnership with alternative asset manager Canal Road Group, allowing the latter to invest up to $1 billion in direct lending, aimed at enhancing BMO's presence in the growing private credit market. This collaboration reflects a trend of banks aligning with private credit managers to navigate regulatory challenges and capitalize on lending opportunities, with BMO previously having similar partnerships, such as one with Oak Hill Advisors.
Source: YAHOO