JPMorgan Chase sets aside $50bn for direct lending in private credit push

In Unlock the Editor’s Digest for free, FT Editor Roula Khalaf highlights JPMorgan Chase’s $50bn commitment to lend to risky companies backed by private equity firms, bypassing traditional debt markets. The move follows a trend among Wall Street lenders to bolster their private credit offerings, as the $2tn private credit asset class grows. JPMorgan’s decision stems from its sale of HPS Investment Management in 2016 and aims to provide clients with more options and flexibility in financing.

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