04:47 AM EDT, 05/15/2026 (MT Newswires) -- (Updates with HSBC's statement in the third paragraph)

HSBC (HSBC) has yet to deploy the $4 billion it previously committed to its private credit strategy, with no current timeline for the planned investment, the Financial Times reported Friday, citing two sources familiar with the decision-making process.

The London-listed lender announced plans last June to invest in its asset manager's private credit funds to expand in alternative lending, but the move has since been paused amid concerns over US private credit valuations and borrower risks, according to the report.

"We are committed to our asset management's offering in private credit funds,"a HSBC spokesperson told MT Newswires in an emailed statement.

The company's shares were down 1.7% in premarket activity.

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