UBS Says Wealthy Clients Lost Some Interest in Private Credit
➤ UBS reports that wealthy clients' interest in private credit has decreased due to macro uncertainty and a preference for liquidity and capital preservation. ➤ This trend reflects broader challenges in the private credit industry, including investor concerns about AI's impact on software businesses and increased redemption requests. ➤ Banks like UBS and Deutsche Bank are maintaining cautious stances, with private credit representing a small portion of their balance sheets and a focus on tightening underwriting standards.













