Wells Fargo said its exposure to private credit firms was approximately $36.2 billion in Q1, with software companies accounting for 17%. This news comes as investors are keeping a close eye on all of Wall Street’s exposure to private credit, given the current volatility.
Other banks have been calling out their private credit exposure as well, as they aim to cull investors’ concerns.
Citigroup has $22 billion in private credit firms in Q4 2025, with less than 1% of its loans to non-bank financial institutions going to BDCs, Bloomberg reported.
JPMorgan Chase CFO Jeremy Barnum said during the company’s Q1 earnings call that the bank has about $50 billion in private credit exposure within a broader $160 billion exposure to non-bank financial institutions (NBFIs).
JPMorgan CEO Jamie Dimon added, “You have to have very large losses in private credit before at least it looks like banks are going to get hit. It …
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