{"id":57841,"date":"2026-04-29T18:16:17","date_gmt":"2026-04-29T18:16:17","guid":{"rendered":"https:\/\/www.europesays.com\/ch\/57841\/"},"modified":"2026-04-29T18:16:17","modified_gmt":"2026-04-29T18:16:17","slug":"ubs-says-wealthy-clients-cool-on-private-credit","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ch\/57841\/","title":{"rendered":"UBS Says Wealthy Clients Cool on Private Credit"},"content":{"rendered":"\n

You can find original article here WealthManagement<\/a>. Subscribe to our free daily WealthManagement newsletters<\/a>.<\/p>\n

(Bloomberg) — UBS Group AG Chief Financial Officer Todd Tuckner said that recent developments have cooled excitement among the lender\u2019s wealthy clients about private credit, adding to the challenges facing the asset class.<\/p>\n

\u201cInterest in private credit among our wealthy clients has been more measured in the current environment,\u201d Tuckner said on an analyst call Wednesday. That\u2019s \u201cclearly reflecting macro uncertainty and a preference for liquidity and capital preservation.\u201d<\/p>\n

The comments highlight some of the\u00a0growing pains<\/a>\u00a0facing the $1.8 trillion private credit industry after years of rapid expansion. In recent months, fears that artificial intelligence looks set to disrupt the private equity-backed software businesses that borrow heavily from direct lenders has led investors to step up\u00a0redemption requests<\/a>\u00a0at some of the largest non-traded private credit investment vehicles.\u00a0<\/p>\n

Read More:\u00a0Direct Lending Fundraising Hits Three-Year Low in First Quarter<\/a><\/p>\n

Tuckner also said that private credit remains a \u201cvery modest portion\u201d of the bank\u2019s balance sheet, with private credit funds accounting for around 50 to 60 basis points of its total leverage exposure.\u00a0<\/p>\n

There have been increasing questions about the exposure of banks to the asset class. Deutsche Bank AG in March flagged a \u20ac26 billion ($30.4 billion) exposure to private credit.<\/p>\n

CFO Raja Akram said in a Bloomberg TV interview on Wednesday that private credit continues to be a \u201cnon-story\u201d for the lender. On a call afterwards he added that the firm continues \u201cto tighten our underwriting standards in the current environment, being super selective about who we lend money to.\u201d<\/p>\n

He said that the bank has \u20ac2.5 billion in total exposure to business development companies, or BDCs, which includes \u20ac2 billion in undrawn credit lines. Most of that exposure is senior in nature, he said.<\/p>\n

Read More:\u00a0Deutsche Bank Flags $30 Billion Exposure to Private Credit\u00a0<\/a><\/p>\n

Banco Santander SA Chief Executive Officer Hector Grisi said private credit accounts for less than 1% of total credit. He added that the lender, which also reported first-quarter earnings on Wednesday, has tightened some controls.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"You can find original article here WealthManagement. Subscribe to our free daily WealthManagement newsletters. (Bloomberg) — UBS Group…\n","protected":false},"author":2,"featured_media":57842,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[129],"tags":[296,32116,223],"class_list":{"0":"post-57841","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-ubs","8":"tag-private-credit","9":"tag-todd-tuckner","10":"tag-ubs"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ch\/116489367333403427","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/57841","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/comments?post=57841"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/posts\/57841\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media\/57842"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/media?parent=57841"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/categories?post=57841"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ch\/wp-json\/wp\/v2\/tags?post=57841"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}