HSBC halts $4B allocation to internal private credit funds, FT reports
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HSBC (HSBC) has not transferred its previously announced figure of $4B into its own private credit funds and has no current plans to do so, the Financial Times reported, citing two sources familiar with the decision-making process. Executives had grown wary of the investment amid wobbles in the U.S. private credit market, the report said. HSBC told the FT it was “committed to our asset management’s offering in private credit funds.”
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