Group 1 - Harley-Davidson is in advanced negotiations with Pimco and KKR to sell a stake in its financial subsidiary and existing motorcycle loan portfolio, with a potential deal size of $5 billion [1] - The financial services subsidiary, Harley-Davidson Financial Services (HDFS), provides inventory financing for dealers and loans for consumers purchasing Harley-Davidson and LiveWire motorcycles [1] - The transaction may be announced in the coming weeks, although details and scale could change as negotiations are ongoing [1] Group 2 - Harley-Davidson is facing challenges with sluggish sales growth and intense competition from rivals like Honda and BMW, with its stock price down approximately 22% this year [2] - The CEO, Jochen Zeitz, indicated in May that the HDFS transaction is progressing, with multiple institutions expressing interest [2] - The private credit market, valued at $5.2 trillion, is expanding, with firms acquiring stakes in consumer loan issuing entities and purchasing the loans they issue [2]