Bank Of America Pledges $25B To Expand Private Credit Lending

Bank Of America Pledges $25B To Expand Private Credit Lending

Bank of America is expanding its private credit investments with a $25 billion commitment, building on its current direct-lending activities.

BofA commits $25 billion to private credit deals, memo shows

Bank of America is committing $25 billion to private credit deals, according to an internal memo seen by Reuters on Thursday, as the Wall Street giant prepares a war chest to further its advance in the lucrative slice of finance.

BofA (BAC) Commits $25B of Its Own Cash to Private Credit Deals

BofA sharpens focus on private credit, despite rising fears

The North Carolina-based megabank is making a $25 billion commitment to private credit — the latest signal that banks are undeterred, even as Wall Street raises alarm bells about the sector.

Bank of America launches private credit initiative with $25bn commitment

Bank of America (BofA) has said it is committing $25bn (£18.6bn) to private credit loans and has named Anand Melvani as head of private credit. BofA joins a raft of other US banks looking to tap into an increasingly popular asset class. “This commitment further strengthens our ability to meet the evolving needs of our […] The post Bank of America launches private credit initiative with $25bn commitment appeared first on Alternative Credit Invest…