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Private credit is giving banks a run for their money
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Private credit has become a serious rival to mainstream lending for all kinds of businesses, from real estate firms to tech start-ups.
PHOTO: REUTERS
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Need a loan for a new factory or a buyout deal, but don’t like the terms your bank is offering? There’s a US$1.6 trillion (S$2.2 trillion) industry that’s ready to help.
Private credit came of age after the 2008 financial crisis as an alternative to banks at a time when regulators were clamping down on risky lending by deposit-taking institutions.
