UBS Notes Declining Interest in Private Credit Among Wealthy Clients
UBS Group AG's CFO, Todd Tuckner, reported that wealthy clients have shown reduced interest in private credit due to macroeconomic uncertainty and a preference for liquidity. This comes amid growing concerns about the $1.8 trillion private credit industry, with some investors increasing redemption requests. UBS maintains a modest exposure to private credit, with funds accounting for 50 to 60 basis points of its leverage.
Topics: Investor Behavior Market Trends Private Credit UBS Wealth Management