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  "documentTitle": "Private Credits Next Act",
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  "authorName": "Oliver Wyman",
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  "notes": "The chart shows a trend of increasing partnerships between banks and private credit firms.",
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      "text": "At least 10 partnerships have been announced between major banks and private credit firms in the last 12 months.",
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      "text": "Exhibit 8: At least ten partnerships have been announced in the past 12 months",
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      "text": "Count of partnerships: 6",
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      "text": "Private Credit 1.0 was largely about bypassing banks to originate assets directly in mid-market and leveraged lending. Private Credit 2.0 will be far more about firms partnering up with banks to originate a wider range of assets and help banks on a balance sheet diet.",
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      "kind": "paragraph",
      "text": "With further recalibration of bank regulations likely, and restructuring of US regional banks, there are likely to be plenty of opportunities to help banks optimize their balance sheets. The prevalence of bank and private credit partnerships is increasing.",
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      "kind": "source-note",
      "text": "1. As of April 18, 2024; 2. Largest banks in North America and Europe by billion dollars assets 2023. Source: Bank financials, industry press, Oliver Wyman analysis",
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      "kind": "title",
      "text": "WHY PRIVATE CREDIT FIRMS ARE LOOKING TO PARTNER WITH BANKS",
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