J.P. Morgan announced a significant expansion to its private credit commitment at its 30th annual Global Leveraged Finance Conference. The firm is allocating $50 billion from its balance sheet and nearly $15 billion from multiple co-lenders. This strategic move was designed to extend the firm’s direct lending capabilities and provide tailored private credit solutions to meet clients’ evolving needs.
Since 2021, J.P. Morgan successfully deployed over $10 billion across over 100 private credit transactions, serving corporate and sponsor clients. This latest commitment underscores the bank’s dedication to leading in the broadly syndicated and private credit markets.
The convergence of broadly syndicated and private financing markets creates unprecedented opportunities for clients, providing greater optionality and customized solutions to address their unique financing needs. J.P. Morgan is uniquely positioned at the forefront of this evolution as the leading investment bank with the number one debt capital markets franchise and thousands of clients across the middle market and global corporate ecosystem.
J.P. Morgan’s enhanced direct lending platform will have a significant impact, helping clients navigate today’s dynamic financial landscape. The firm’s strategic relationships with co-lenders further amplify its ability to deliver comprehensive and competitive financing solutions.
As private credit has grown exponentially to a $2 trillion market, direct lenders are currently sitting on hundreds of billions of dry powder to deploy.
J.P. Morgan’s Commercial & Investment Bank is a banking, payments, markets, and securities services leader. Startups, companies, governments, and institutions entrust the firm with their business in over 100 countries worldwide. With $35.3 trillion of assets under custody and $1.01 trillion in deposits, the Commercial & Investment Bank provides strategic advice, raises capital, manages risk, offers payment solutions, safeguards assets, and extends liquidity in global markets.
KEY QUOTES:
“We aim to support our clients with products and solutions that best meet their capital structure needs, whether that’s a direct or syndicated loan or a bond. Our vast client relationships, paired with the size and scale of our origination capabilities, enable us to be a trusted financing source through a company’s entire growth cycle.”
“Pairing our vast origination platform with our lender client base has super charged our ability to deliver in size for borrowers and increased deal flow for lenders. Given our current success from our co-lending initiative, we continue to look for opportunities with new partners to augment our capabilities on large deals.”
– Kevin Foley, global head of Capital Markets at J.P. Morgan
“We proudly bank 80,000 companies globally through our Commercial and Investment Bank, including 32,000 middle market clients across the U.S. Extending this effort provides them with more options and flexibility from a bank they already know and see in their communities, and is known for being there during all market environments.”
– Jamie Dimon, Chairman and CEO of JPMorganChase
