Introducing Private Credit into the Financial Accounts of the United States

Katie Brinkman, Christine L. Dobridge, Timothy E. Dore, Simon Glossner, Elizabeth Ball Holmquist, Nam Nguyen, Maria G. Perozek and Irina Stefanescu
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Christine L. Dobridge: https://www.federalreserve.gov/econres/christine-l-dobridge.htm
Timothy E. Dore: https://www.federalreserve.gov/econres/tim-e-dore.htm
Maria G. Perozek: https://www.federalreserve.gov/econres/maria-g-perozek.htm
Irina Stefanescu: https://www.federalreserve.gov/econres/irina-stefanescu.htm

No 2026-10-16-1, FEDS Notes from Board of Governors of the Federal Reserve System (U.S.)

Abstract: Over the past decade, private credit has played an increasingly important role in providing funding to middle-market businesses. While there are several definitions of private credit, here we define it as privately negotiated loans to businesses that are originated by nonbank investment funds rather than by traditional financial intermediaries such as banks.

Date: 2026-10-16
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Persistent link: https://EconPapers.repec.org/RePEc:fip:fedgfn:103950

DOI: 10.17016/2380-7172.4204

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