PNC Reports $7 Billion of Exposure to Private-Credit Providers

PNC Financial Services Group Inc. said its exposure to private-credit firms stood at $7 billion, joining other big banks in shedding more light on such loans as investors fear possible spillovers from stress in the space into banks.

The Pittsburgh-based regional lender included loans to private-credit providers in its bucket of loans to business-credit intermediaries, which totaled $33 billion, according to an investor presentation Wednesday.