May 6th, 2024
TCW-PNC Platform Sets $2.5 Billion Private-Credit Goal
PNC Financial Services Group Inc.'s partnership with TCW Group Inc. to create a private-credit platform gives the bank a way to hold onto business that it might otherwise have had to send elsewhere, Bloomberg's John Sage tells Sonali Basak on "Bloomberg Markets." The platform seeks to have $2.5 billion in its first year.
