Reported 8 days ago
Big banks like Citigroup and BNP Paribas are forming alliances with private equity firms such as Apollo Global Management to tap into the growing $1.7 trillion private credit market. These partnerships aim to provide various financing options while allowing banks to retain client relationships and avoid taking on additional debt. Despite their collaboration, the relationship between banks and private credit funds remains complex, as they often compete for similar deals and share market challenges, with industry analysts expecting substantial growth in the sector over the coming years.
Source: YAHOO