UBS enters a private credit alliance with General Atlantic

UBS Group has created a link with General Atlantic, with the aim of supporting private credit opportunities.

This cooperation aims to provide both investing customers and borrowers access to a wide range of direct and credit offers.

Last month, Bloomberg reported that the UBS group had advanced conversations with General Atlantic to enter the private credit space.

The partnership is working to take advantage of the current cooperation between the two companies, as the consulting and investment capabilities in UBS are integher with the Global Network of General Atlantic in private credit investment.

The coalition will boost the GA credit platform by providing access to the flow of deals and solutions designed specifically throughout the different stages of the business life cycle.

GA Credit will lead investment activities, with the use of UBS creation points and a specialized special credit team formed from GA Credit professionals and UBS Asset Management Investments Group (Cig).

This partnership will enable Cig of an additional special credit source for its multiple credit strategies.

The strategic partnership focus will be on providing direct lending financing for companies in North America and Western Europe.

It will also provide a complementary strategy to ATLANTIC PARK, which is expected to benefit from increasing the chances of brilliance resulting from this partnership.

“We are excited to collect the deep experience of General Atlantic in private credit investment with UBS strengths in construction, global customer relationships, and consulting services,” said the Chairman and CEO of General Atlantic Bill Ford.

This initiative is expected to enhance the capabilities of the investment bank market for investment in UBS, especially in the Americas, by providing special credit solutions through medium and large structures, including both companies -backed assets and sponsor in a capital saving manner.

“We are happy to enter this strategic partnership with General Atlantic, taking advantage of our company’s individual strengths to provide a broader set of innovative private credit solutions,” said CEO of UBS Group Sergio Ermotti.

General Atlantic obtained a legal advisor from Paul, Weiss, Rivation, and Erton & Garrison, while Watsenz was a UBS legal advisor.

“UBS enters the special credit alliance with General Atlantic” was originally created and published by Banker InternationalThe brand owned by Globaldata.

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