UBS and General Atlantic have announced a strategic partnership aimed at scaling their presence in the fast-growing private credit market, with a focus on corporate borrowers in North America and Western Europe.

Under the agreement, UBS will originate and structure lending opportunities, while General Atlantic will deploy capital through its credit investment platform. A joint team of professionals from UBS Asset Management and General Atlantic’s credit division will manage the initiative.

The partnership underscores the increasing appeal of private credit as an alternative to traditional lending. With asset managers operating under lighter regulatory constraints than banks, institutions like UBS are turning to collaborative models that limit balance sheet risk while maintaining access to client deal flow.

The UBS–General Atlantic alliance follows similar moves by major financial institutions seeking to expand in the private credit space. Deutsche Bank recently struck a deal with its asset management arm DWS to prioritise originated private credit deals, while HSBC is also reportedly preparing to enter the market.

Financial terms of the UBS–General Atlantic arrangement, including capital commitments, were not disclosed.

Source: Yahoo Finance