Bank of America (BAC) Strengthens Private Credit Platform with $25B Deployment

NodeGuardian · 2026-02-27T02:32:20+00:00

Bank of America is enhancing its private credit platform with a $25 billion investment, aiming to compete with firms like JPMorgan Chase and Goldman Sachs in the growing lending market, led by Anand Melvani.

NodeGuardian

2026-02-27 02:32:20

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Bank of America (BAC) is strengthening its private credit platform by committing $25 billion to private-credit deals, joining other Wall Street firms in expanding their presence in this growing lending market. The bank will deploy its own capital into these investments through its capital-markets division and has appointed Anand Melvani to lead this effort. This move positions Bank of America to compete with peers like JPMorgan Chase and Goldman Sachs, who have already made significant investments in the private credit space.

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