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  "documentTitle": "Private Credits Next Act",
  "authorId": "OliverWyman",
  "authorName": "Oliver Wyman",
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  "notes": "The slide includes a table of 6 specific partnership examples and a two-column text analysis of market trends.",
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      "text": "Regulation K, global systemically important banks (GSIBs) account for over half of all private credit partnerships.",
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      "kind": "paragraph",
      "text": "Regulation K, global systemically important banks (GSIBs) account for over half of all private credit partnerships. This is perhaps because they have established relationships with private credit funds...",
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      "kind": "paragraph",
      "text": "What we find interesting from our conversations: To date, at least 14 major banks in North America and Europe have announced partnerships with private credit firms.",
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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": "table",
      "text": "Partnership, Date, Details. Citi/Luminarx, Jan 2024, Cinergy vehicle. Barclays/Blackstone, Feb 2024, Credit card receivables. Goldman/Mubadala, Feb 2024, Co-investment. KeyBank/Blackstone, Mar 2024, Forward-flow. Nordea/Industriens, Mar 2024, Private credit fund. Barclays/AGL, Apr 2024, AGL Private Credit.",
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      "kind": "title",
      "text": "Exhibit 9: Examples of partnerships announced since the beginning of 2024",
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