Fed: Price of Bank Funding Behind Private Credit - Evidence From Business Development Companies
August 08, 2026
August 08, 2026
WASHINGTON, Aug. 8 -- The Federal Reserve issued the following Fed Notes article:
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The Price of Bank Funding Behind Private Credit: Evidence from Business Development Companies
By Sharjil Haque and Jessie Jiaxu Wang
1.Introduction
Private 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 loan . . .
* * *
The Price of Bank Funding Behind Private Credit: Evidence from Business Development Companies
By Sharjil Haque and Jessie Jiaxu Wang
1.Introduction
Private 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 loan . . .