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Bank of America Bets Big on Private Credit Growth

2/20/2026

26 3 Full Breakdown

Summary

Story summary

Bank of America commits $25 billion to private credit deals to strengthen its market position.
Morgan Stanley cut EquityZen platform fees from 5% to 2.5% after January acquisition.
The move follows a broader trend of banks like JPMorgan Chase and Goldman Sachs expanding private credit.
Concerns about credit quality and market risks have risen after Blue Owl Capital halted fund redemptions.

History

Historical Context

The Glass-Steagall Act of 1933, part of the Banking Act, established a separation between commercial and investment banking to stabilize the financial system after the Great Depression. This legislation led to the formation of major institutions like Bank of America and Morgan Stanley. Recent actions by these banks signal a resurgence in private credit, raising concerns about credit quality reminiscent of past financial crises.

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Story summary

Bank of America commits $25 billion to private credit deals to strengthen its market position.
Morgan Stanley cut EquityZen platform fees from 5% to 2.5% after January acquisition.
The move follows a broader trend of banks like JPMorgan Chase and Goldman Sachs expanding private credit.
Concerns about credit quality and market risks have risen after Blue Owl Capital halted fund redemptions.

1 / 2