JPMorgan (JPM) May Expand Private Credit Business via Buyout
JP MORGAN CHASE(JPM) zacks.com·2024-05-24 21:16
As part of its efforts to augment its $3.6 trillion asset management division, JPMorgan (JPM) is contemplating acquiring a private credit firm. This was first reported by Bloomberg.Further, sources informed Bloomberg that earlier this year, JPMorgan had held discussions to acquire the Chicago-based Monroe Capital, but ultimately, both firms decided not to pursue the transaction. In February, it was reported that JPM is close to finalizing a partnership with FS Investments and Octagon Credit Investors. Howev ...