Semi-liquid private credit: historical U.S. scale

USD bn

0212.5425425Gross assets241Net assets
Federal Reserve May 2026 FSR; historical data underlying its private-credit discussion, not October assets. Gross and net assets must not be added.

Sources: [2] Federal Reserve May Financial Stability Report: funding risks · 2026-05-08; updated May 28

This analysis examines the implications of the week’s verified reporting, the assumptions behind the financial measures and the developments to monitor next.

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