- JP Morgan Asset Management announced it appointed Meg McClellan as its Head of Private Credit in the Head of Private Credit effective January 1, 2020
JP Morgan Asset Management announced it has appointed Meg McClellan as Head of Private Credit in the firm’s Global Alternatives group, which is effective on January 1, 2020 to lead the firm’s major expansion in Private Credit.
In the newly created role, McClellan is going to oversee the firm’s Global Special Situations, Infrastructure Debt and Commercial Mortgage Loan businesses along with leading the firm’s development of new private credit solutions.
Going forward, she will be responsible for private credit platform growth, both organic and inorganic. Currently, McClellan serves as JP Morgan Asset Management’s Chief Financial Officer.
JP Morgan Asset Management has $146 billion of alternative assets under management. And the division has built one of the industry’s broadest alternative offerings and is a leader in the real estate, hedge fund, private equity, infrastructure, and other real assets spaces. Recently, the firm announced the close of its Lynstone Global Special Situations fund by raising over $1 billion and surpassing its target by 40%.
“We see private credit as an essential source of income and return in investors’ portfolios and we are firmly committed to building out our capabilities to enable our clients to take full advantage of the investment opportunities that exist in private markets,” said Anton Pil, Head of Global Alternatives at JP Morgan Asset Management. “At this point in the economic cycle, we are particularly focusing our energies on the strongly collateralized end of the private credit spectrum and are seeing demand in real estate mezzanine debt, infrastructure debt, commercial mortgages, funds of funds, direct lending and special situation strategies.”
By establishing a new Head of Private Credit role, it has become a testament to the company’s concerted focus on curating a diverse and industry-leading team. And the company is pleased to have her lead the efforts to build on its $10 billion and growing of private credit assets to become a leader in the nearly $1 trillion private credit market.”
Before becoming Asset Management CFO in 2016, McClellan spent the majority of her career in fixed income trading, portfolio management. and investment strategy roles with experience on both the buy-side and the sell side, and in New York, Chicago, and London.
“Meg is a highly regarded leader in the asset management industry, and her significant investment, markets, operational and risk management expertise will be critical in growing our private credit offering and allowing us to deliver new and innovative solutions to clients,” Pil added.
