HSBC is yet to invest billions of dollars into its own private credit strategy almost a year after announcing the move as Europe’s largest lender reels from a $400mn hit linked to an Apollo-owned credit fund.
The London-listed bank said in early June last year that it would inject $4bn into its own asset manager’s range of private credit funds.
However, no funds have yet been transferred and there were no current plans to do so, according to two sources familiar with the decision-making process.
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