UBS Group (UBS) plans to expand a partnership with General Atlantic Credit to offer a broader set of private credit products and direct lending.

The partnership combines "UBS's advisory and investment banking origination capabilities with General Atlantic's extensive global network, sourcing reach across industries and geographies and recognized leadership as a private credit investor," the companies said Tuesday in a statement.

General Atlantic will manage a private credit team with executives from its credit arm and UBS Asset Management's credit investment group, the companies said.

The companies plan to focus on offering senior secured direct lending financing to companies in North America and Western Europe.

Financial details weren't disclosed.

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