Barclays earmarks balance sheet cash for private credit push, Bloomberg says

Barclays has set aside cash from its balance sheet to hold corporate loans and compete in the private credit market, Bloomberg’s Gillian Tan and Silas Brown report, citing people with knowledge of the matter. The strategy, which the lender aims to grow into the billions of U.S. dollars, involves buying slugs of debt originated by the bank and participating in new financings arranged by direct lending funds, the authors note.