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Banks demand look-through on private credit lending

Risk Live: Risk managers say they need to see underlying loans before lending to funds

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Banks lending to private credit funds must be able to see a fund’s underlying assets before getting comfortable with the exposure, according to senior risk managers.

Without sufficient information, some lenders say they will walk away from a transaction.

“If you want to get into this business, you need to be able to look through [to the portfolio]. Otherwise, I don’t know how you’re going to be able

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