JPMorgan Chase brings together $ 50 billion for lending directly in Private Loan Push

Unlock the editor’s digestion free

FT editor Roula Khalaf, chooses his favorite stories in this weekly newsletter.

JPMorgan Chase, as it supports private capital companies, said he would lend to risky companies for supporting private capital companies.

The largest U.S. bank by the assets, the United States has allocated $ 50 billion and $ 15 billion from other investors to $ 15 billion and loans to companies by exceeding its traditional debt markets.

Jpmorgan launched a direct lending push So far, $ 10 billion has been placed in more than 100 private credit operations in 2021.

Traditional Wall Street Lenders are announced as they presented in almost $ 2TN personal credit Since the rules received since the rules accepted since the global financial crisis, the banks have significantly increased banks to the balance sheets of balance.

Man most rivals of JPMorgan have announced a partnership with special credit funds. Last year last, Citigroup A $ 25 billion has announced a partnership With the global governance of the APOLLO, Wells watched a joint venture with the Center for Fargo’s Active Manager Center.

Like Goldman Sachs and Morgan Stanley, others have applied to their own wealth and active management weapons that put funds to invest in the sector.

Jamie Dimon, JPMorgan’s CEO, diligently known to corporate clients “more choices and convenience and their communities and in their communities and in their communities.

Dimon said last year to investors that the special loan has some real pluses, this is allowed for more long-term financing by collecting funds through syndicated bonds and loans. However, it criticized how the industry assesses the loans to the books and the bad actors can cause problems.

To date, JPMorgan has so far, so far, including special credit efforts, including Cliffwater, FS investors, octagonal credit investors, Shenkman Capital Management and Soros Foundation management, informed about the issue. Executors hope to add other managers in the coming months to prevent fire force.

The decision of the bank to hit its balance sheet is partially stems Sale of its HPS investment managementOne of the largest private loan players, the highest leaders in JPMorgan in 2016, in the present, there was a little appetite to invest in the section in front of the regulatory study, which is requested to buy Hes’s founders.

It was followed by private credit foundations, with private credit foundations, which are active in the active class, insurers, pensions, pensions and sovereign wealth funds. Personal credit loans usually carry higher interest rates than bank loans, but can give the borrower more comfort.

It allows managers such as money, Ares Management, Blue Owl Capital and Apollo Global management, and in turn, the traditional high-income bonds and the traditional high-income bonds and use credit markets. Hps agreed to sell himself It is liberated to $ 12 billion last year.

Personal loans, the markets were one of the few ways to finance the purchases, when taking a market share in 2022 and away from banks on the wall street. Repetition of this experience, the banks looked to ensure their financing solution.

In 2023 and 2024, credit markets were rallyed, immediate pressure decreased to reduce bank markets for reducing bank markets.

He added: “It’s always changing.”