WFC - Citigroup Eyes New Private Credit Strategy Next Year: Report | Benzinga
Citigroup Inc (NYSE: C) is reportedly poised to venture into direct lending, aiming to debut this new strategy by early January, reflecting a broader trend among banks seeking to tap into the burgeoning $1.6 trillion private credit market.
The initiative aims to complement Citigroup's existing broad syndicated leveraged finance business.
Related: Citigroup Restructures, Targets 10% Senior Management Layoffs.
Bloomberg noted that ...