PNC discloses $7bn exposure to private credit firms

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PNC discloses $7bn exposure to private credit firms

privateequitywire

2 months ago

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PNC Financial Services has revealed that it has approximately $7bn in exposure to private credit managers, as banks provide greater transparency around their links to the fast-growing asset class, according to a report by Bloomberg.
The report cites the bank’s latest investor materials as showing that disclosure forms part of a broader $33bn portfolio of lending to business credit intermediaries. This segment sits within a wider $73bn allocation to non-depository financial institutions.
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