Private Credit’s Rapid Growth Draws Regional Fed Banks’ Scrutiny

Private Markets Private Credit’s Rapid Growth Draws Regional Fed Banks’ Scrutiny Two regional Fed Banks are aiming to look at how lending standards are evolving in the rapidly growing private credit industry through a new survey announced Monday. The survey, from the Federal Reserve Bank of Dallas and the Federal Reserve Bank of New York, will “provide insights into the availability of credit, credit provision, the evolution of lending standards in private credit markets, and the implications for the broader economy and monetary policy,” according to a press release. It will also evaluate trends in loan documentation, borrower demand and the approval of new loans over the third quarter.