Western Alliance Eyes Private Credit With Key Milestone in Sight

Western Alliance Bancorp, having recovered from hits it took during the regional banking crisis two years ago, now plans to expand its relationships with private credit firms as its asset level approaches a key regulatory threshold.

“Complacency is devastating,” Chief Executive Officer Ken Vecchione said in an interview. “Rather than watch private credit encroach on our market share, we reached out to private credit firms and found a path where we both could coexist.”