Report
Bank Lending to Private Equity and Private Credit Funds: Insights from Regulatory Data
Levin, John; Malfroy-Camine, Antoine (2025-02-05)
In this note, we examine large banks’ lending to private equity (PE) and private credit (PC) funds. Using a manual matching algorithm, we estimate that large banks’ total loan commitments to PE/PC fund sponsors are approximately $300 billion, or 14 percent of their total loan commitments to non-bank financial institutions, as of 2023, up from around $10 billion, or about one percent, in 2013.
Supervisory Research and Analysis Notes , Issue 2025-02 , Pages 18