UBS, General Atlantic in Talks for $1.6T Private Credit Market Partnership
UBS and General Atlantic are reportedly in advanced discussions to form a partnership targeting the $1.6 trillion private credit market, Bloomberg News reported, citing sources familiar with the matter.
Under the proposed agreement, UBS’s investment bank would originate loans, with GA Credit receiving preferred access or a “first-look” opportunity. Multiple sources confirmed the ongoing discussions.
The partnership aims to provide loans up to $500 million, targeting borrowers in North America and Europe with EBITDA of at least $50 million, according to one source.
The move reflects a broader trend of major banks partnering with private credit firms to regain market share in direct lending. JPMorgan and Wells Fargo have recently launched similar initiatives.
General Atlantic’s credit arm, GA Credit, manages $4.8 billion in assets and is led by Tripp Smith, co-founder of GSO Capital Partners (now Blackstone Credit).
