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Citi Exclusive: New 2024 Private Credit Strategy Explained

Citi is currently in discussions to launch a new direct-lending strategy for the start of 2024, joining a growing number of banks venturing into the private credit market worth $1.6 trillion.

Citi Expands into Direct Lending to Tackle the $1.6 Trillion Private Credit Market.  PHOTO: ChrisTafoelii/Shutterstock
Citi Expands into Direct Lending to Tackle the $1.6 Trillion Private Credit Market. PHOTO: ChrisTafoelii/Shutterstock

This move aims to complement Citi’s existing leveraged finance business. According to a source familiar with the matter, the strategy may involve collaborating with external partners who would provide the necessary capital for loans.

The bank itself would handle the loan origination process. The details of these discussions

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