UBS, General Atlantic Expand Private Credit Partnership

UBS Group AG and U.S. investment firm General Atlantic have announced a strategic partnership to expand their private credit offerings, formalizing and extending their previous collaboration. The partnership combines UBS’s global advisory and investment banking capabilities with General Atlantic’s expertise and network in private credit, aiming to create a market-leading platform for direct lending and other credit solutions. The focus is on providing secured direct loans primarily to companies in North America and Western Europe, with General Atlantic Credit (GA Credit) leading investment activities and managing a dedicated private credit team that includes professionals from both firms. This arrangement is designed to give clients and borrowers greater access to customized financing, particularly for those who may not qualify for traditional bank loans. Both companies' leaders emphasized their complementary strengths and client-centric approach as key factors in the partnership, which is expected to enhance UBS’s capital-markets franchise and expand GA Credit’s platform. The financial terms and capital commitments of the deal have not been disclosed.