JPM's Private Lending Expansion: A Strategic Play in a Booming Market

JPMorgan (JPM) has announced an additional $50 billion allocation toward direct lending, solidifying its presence in the lucrative private credit market. The move, unveiled at its 30th annual Global Leveraged Finance Conference, signals the company’s intent to become a dominant force in private credit. With the market projected to grow from$2 trillion to $3 trillion by 2028, according to Moody’s, the race among traditional lenders to capture market share is heating up.Since 2021, JPMorgan has deployed more ...