Reported 2 months ago
HSBC, Europe’s largest bank, plans to inject $4 billion into its private credit funds to capitalize on the booming private credit market, aiming to build a $50 billion credit fund within five years. This investment is part of a broader strategy to enhance revenue from higher-return areas as profits from traditional lending decline. HSBC Asset Management's private credit unit, which launched in 2018, has already deployed $7 billion in 150 transactions and intends to focus on global direct lending, particularly in the UK and Asia.
Source: YAHOO