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JPMorgan is in talks with institutional investors to raise capital, executives said.
JPMorgan is actively raising capital from institutional investors for a major renewed push into private credit.
KEY POINTS
- The firm has already secured some capital commitments amid rising redemption requests across the private credit sector.
- JPMorgan aims to narrow competition as other banks and asset managers face private credit market turmoil.
- While wealth client access isn't planned yet, JPMorgan could offer private credit strategies to them in the future.
- Leadership views spinning out a division that became HPS Investment Partners in 2016 as a regrettable decision.
COMPANIES
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