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Bloomberg

SMBC Plans SRT Tied to $8 Billion of Loans Made to Private Funds

Sumitomo Mitsui Banking Corp. is sounding out investors for a significant risk transfer tied to a portfolio of loans to private market funds, according to people familiar with the matter. Bankers at SMBC are discussing a SRT linked to about $8 billion of subscription lines, a type of credit that is typically extended to private equity and other private market funds to help them manage liquidity, said the people, who asked not to be identified because the matter is private.