Private credit is financing provided by a lender other than a bank, such as an investment fund. Investments in the asset class across emerging and developing markets surged to record levels in 2022 as borrowers looked for alternative financing options amid rising interest rates. (Reporting by Mehnaz Yasmin in Bengaluru)
(Adds that Goldman Sachs declined to comment in paragraph 3)
March 29 (Reuters) - Wall Street banks including
JPMorgan Chase & Co and Goldman Sachs Group Inc are looking to start trading private credit loans, Bloomberg
News reported on Wednesday, citing people familiar with the
matter.
The banks are among the firms talking to private debt funds
about facilitating secondary-market transactions, according to
the report.
JPMorgan and Goldman Sachs declined to comment on the report
when contacted by Reuters.
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