JPMorgan (JPM) is setting aside $50B to lend to risky companies backed by private equity firm amid a push into the private credit market, The Financial Times’ Eric Platt and Joshua Franklin report. The bank will allocate $50B of its own capital and has commitments for $15B from other investors to make loans directly to companies, according to the report. JPMorgan launched its direct lending push in 2021.
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