Reported 5 months ago
JPMorgan Chase & Co. is seeking to acquire a private credit firm in order to enhance its $3.6 trillion asset management arm, showing interest in the expanding $1.7 trillion private credit industry. The company held discussions with Chicago-based Monroe Capital but decided not to proceed with a deal, aiming to grow its private credit offerings and asset management capabilities organically or through acquisitions, potentially increasing competition with traditional lending desks.
Source: YAHOO