Sharjil Haque and Jessie Jiaxu WangPrivate credit is often described as credit provided outside the banking system. In many cases, this description is accurate: private credit lenders originate loans directly to firms, hold those loans on their balance sheets, and do not rely on deposits…
FEDS Note: The Price of Bank Funding Behind Private Credit: Evidence from Business Development Companies
Sharjil Haque and Jessie Jiaxu WangPrivate credit is often described as credit provided outside the banking system. In many cases, this description is accurate: private credit lenders originate loans directly to firms, hold those loans on their balance sheets, and do not rely on deposits…