Large US banks’ lending to private equity funds reaches $239bn

- By Hannah Buttle
- 20 Oct 2026

Loans to private equity funds at the eight US global systemically important banks (G-Sibs) rose to $239.2 billion in the second quarter of 2026, growing nearly three times as fast as their overall loan books.

Outstanding loans to private equity funds grew $16.9 billion, or 7.6%, quarter on quarter, far outpacing the aggregate growth of 2.8% in total loans. Three banks – JP Morgan, Goldman Sachs

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