M&G Investments (RBS) has partnered with asset managers, Hermes Investment Management, The Royal Bank of Scotland, and AIG Asset Management, in an effort to expad a program of lending to medium-sized businesses backed by private equity companies. This will provide a way for RBS to spread risk of lending, while the asset managers benefit from an established route into the market and an existing client base. This move comes as increasingly asset managers are lending directly to companies, in effect becoming "shadow banks", after traditional lenders have been forced to scale back and shrink their balance books following the financial crisis.
The Royal Bank of Scotland (RBS) has partnered with asset managers, Hermes Investment Management, M&G Investments, and AIG Asset Management, in an effort to expad a program of lending to medium-sized businesses backed by private equity companies. This will provide a way for RBS to spread risk of lending, while the asset managers benefit from an established route into the market and an existing client base. This move comes as increasingly asset managers are lending directly to companies, in effect becoming "shadow banks", after traditional lenders have been forced to scale back and shrink their balance books following the financial crisis.