HSBC Reaffirms $4 Billion Private Credit Bet

HSBC responded Friday (May 15) to a media report that it paused a $4 billion investment in its private credit funds, saying it remains committed to that business. “We are committed to our asset management’s offering in private credit funds,” the bank said, according to a Friday report by Reuters. The Financial Times had reported earlier Friday that HSBC paused the private credit investment after losing $400 million it had invested in a credit fund.