After years weighing how to dive deeper into private credit, JPMorgan Chase & Co.’s $4.3 trillion asset manager is committing to a strategy that will plow tens of billions of dollars into loans sourced by the firm’s commercial bankers.
JPMorgan is talking with institutional investors to raise several billion dollars to get started and has already secured some commitments, according to two of the asset manager’s top executives, George Gatch and Bob Michele.
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