Bank of America has launched a dedicated Private Capital M&A Group, as the investment bank positions itself to capitalise on growing demand for private equity exit solutions, according to sources cited by Bloomberg.

The new unit will work across the firm’s global platform to provide tailored strategies for buyout firms seeking to monetise portfolio companies, amid a slowdown in traditional IPO and exit markets.

Private equity firms are increasingly holding assets for longer periods, as market volatility and limited public market windows delay exits.

The group will focus on a range of exit options, including continuation funds, minority stake sales, and multi-asset structures, reflecting a shift away from the traditional buyout model.

The initiative comes as private equity firms sit on a large backlog of unsold companies, with estimates suggesting around 12,900 portfolio companies in the US alone.

Bank of America aims to increase its share of sponsor-led dealmaking by offering more flexible and integrated solutions across its advisory and capital markets businesses.

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