Wall Street Banks Fuel Private Credit Boom: Lending Jumps 145%, Reaching $95 Billion

Banks are witnessing unprecedented growth in lending to private credit firms. Over the past five years, loans for these firms have surged by 145%, reaching an estimated $95 billion by the end of 2024. This surge highlights a major shift within Wall Street as banks actively support the growing private debt market, even while directly competing with these entities for corporate lending business.