Reported about 9 hours ago
JPMorgan Chase announced a further allocation of $50 billion to enhance its direct lending efforts, aiming to increase its presence in the burgeoning private credit market. As traditional banks like JPMorgan, Citigroup, and Wells Fargo compete for a larger share of this expanding field, which is projected to reach $3 trillion by 2028, JPMorgan has already invested over $10 billion since 2021 in more than 100 private credit deals. The bank has also partnered with various co-lending firms to amplify its direct lending capabilities.
Source: YAHOO