JPMorgan Chase sets aside $50bn for direct lending in private credit push

JPMorgan's Kevin Foley on the firm's private credit strategy

Kevin Foley, JPMorgan global head of debt capital markets, joins 'Money Movers' to discuss the firm's private credit commitment, the market share for its private credit products, and much more.

JPMorgan Chase sets aside $50bn for direct lending in private credit push

Move by Wall Street bank comes as increasing number of groups bypass traditional debt markets

JPMorgan Earmarks $50 Billion More for Its Direct-Lending Push

JPMorgan Chase & Co. is dramatically ramping up its direct-lending effort, setting aside an additional $50 billion to capture a bigger chunk of the fast-growing market.

Signs of moderation in direct lending returns

There are some early indicators of moderation in direct lending returns, despite the outperformance of the private debt markets. New research from Preqin found that private debt continued to outperform equity strategies in the first nine months of 2024, delivering a 6.3 per cent return for investors. This is down from a return of 9.4 […] The post Signs of moderation in direct lending returns appeared first on Alternative Credit Investor.

J.P. Morgan Increases Direct Lending Commitment to $50bn - Markets Media

J.P. Morgan announced at its 30th annual Global Leveraged Finance Conference a significant expansion to its private credit commitment. The firm is allocating $50 billion from its balance sheet, along with nearly $15 billion from multiple co-lenders. This strategic move is designed to extend the firm’s direct lending capabilities and provide tailored private credit solutions to meet the evolving needs of clients. Since 2021, J.P. Morgan has succe…