J.P. Morgan Increases Direct Lending Commitment to $50 Billion
J.P. Morgan announced today at its 30 th annual Global Leveraged Finance Conference a significant expansion to its private credit commitment. The firm is allocating $50 billion from its balance sheet, along with nearly $15 billion from multiple co-lenders. This strategic move is designed to extend the firm's direct lending capabilities and provide tailored private credit solutions to meet the evolving needs of clients.
Since 2021, J.P. Morgan has successfully deployed over $10 billion across more than 100 private credit transactions, serving both corporate and sponsor clients. This latest commitment underscores the bank's dedication to being a leader in both the broadly syndicated and private credit markets.
'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,' said Kevin Foley, global head of Capital Markets at J.P. Morgan. '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.'
The convergence of the broadly syndicated and private financing markets is creating unprecedented opportunities for clients, offering greater optionality and customized solutions to address their unique financing needs. As the leading investment bank with the #1 debt capital markets franchise and thousands of clients across the middle market and global corporate ecosystem, J.P. Morgan is uniquely positioned at the forefront of this evolution.
'We proudly bank 80,000 companies globally through our Commercial and Investment Bank, including 32,000 middle market clients across the U.S.,' said Jamie Dimon, Chairman and CEO of JPMorganChase. '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.'
J.P. Morgan's enhanced direct lending platform is poised to drive significant impact, helping clients navigate today's dynamic financial landscape. The firm's strategic relationships with co-lenders further amplifies its ability to deliver comprehensive and competitive financing solutions.
As private credit has grown exponentially to a $2 trillion market, direct lenders are sitting on hundreds of billions of dollars of dry powder to deploy. '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,' said Foley.
Additional details around the co-lending arrangements have not been disclosed.
About J.P. Morgan's Commercial & Investment Bank
J.P. Morgan's Commercial & Investment Bank is a global leader in banking, payments, markets and securities services. Start-ups, companies, governments and institutions entrust us with their business in more than 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. Further information about J.P. Morgan is available at www.jpmorgan.com.
212-270-7441
SOURCE: JPMorgan Chase & Co.
Copyright Business Wire 2025.
PUB: 02/24/2025 08:35 AM/DISC: 02/24/2025 08:35 AM
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Wall Street Journal
16 hours ago
- Wall Street Journal
Moody's Chief Economist on Recession Fears and How Politics Shapes the Economy - WSJ's Take On the Week
On WSJ's Take On the Week, co-hosts Telis Demos and Gunjan Banerji start the show by looking at why rare earth magnets remain at the center of trade talks with China. Why are business leaders like Elon Musk and Jamie Dimon critical of President Trump's tax and spending bill, and what does it mean for bonds and the deficit? Plus, we take a look at inflation ahead of this week's CPI report. Later on the show, Mark Zandi, chief economist of Moody's Analytics, gives his take on all the policy balls in the air and how where they land will affect the economy. He shares which economic barometers he's keeping an eye on – from employment rates and immigration to inflation and consumer sentiment – and which give him confidence in a resilient U.S. economy. This is WSJ's Take On the Week where co-hosts Gunjan Banerji, lead writer for Live Markets, and Telis Demos, Heard on the Street's banking and money columnist, cut through the noise and dive into markets, the economy and finance—the big trades, key players and business news ahead. Have an idea for a future guest or episode? How can we better help you take on the week? We'd love to hear from you. Email the show at takeontheweek@ To watch the video version of this episode, visit our WSJ Podcasts YouTube channel or the video page of Further Reading Automakers Race to Find Workaround to China's Stranglehold on Rare-Earth Magnets Why the U.S. Economy Will Muddle Through Trump's Tariffs. Probably. U.S. Economy Shows Remarkable Resilience in Face of Trade Turmoil What the U.S.-China Tariff Rollback Means for the American Economy Trump Downplays Economic Concerns as He Looks to Cut Trade Deals For more coverage of the markets and your investments, head to , WSJ's Heard on The Street Column, and WSJ's Live Markets blog . Sign up for the WSJ's free Markets A.M. newsletter.
Business Insider
18 hours ago
- Business Insider
'No recession bet whatsoever': The stock market isn't pricing in any sort of economic downturn, investment firm says
Investors are betting that the US economy will continue to grow and they're behaving as if there's "no recession risk whatsoever," market research firm The Leuthold Group wrote in a note last week. That conclusion is based on a key indicator, the S&P 500 Cyclical/Defensive Ratio, which compares the most economically sensitive sectors, like consumer discretionary, industrials, and materials, to more stable areas of the market such as consumer staples, healthcare, and utilities. The Leuthold Group calculates this metric based on price to earnings, price to cash flow, price to sales, and price to book ratios. Cyclical stocks typically trade at a discount during recessions because their earnings are more vulnerable to economic slowdowns. Investors, meanwhile, pay a relative premium for the safety of defensive stocks with more inelastic demand. In May, this ratio hit an all-time high of 1.19, indicating a 19% premium for cyclical stocks relative to defensive shares. This isn't an anomaly, as the ratio has held above 1.05 — placing it in the top 10% of historical readings — for 13 consecutive months. Recession fears have come down since reaching a fever pitch in April. After the announcement of a 90-day tariff pause and trade negotiations with China, the odds of a recession have fallen from 66% to 28% on prediction market Polymarket. However, several Wall Street strategists are still concerned, as a 28% chance of recession is still higher than the long-term average of around 15%. Torsten Sløk, chief economist at Apollo, and Jamie Dimon, CEO of JPMorgan, have been ringing the bell on stagflation concerns. According to The Leuthold Group, a 28% chance of recession is still far too high based on what the market is pricing in. Ahead of past recessions — including 2000, 2008, and 2020 — cyclical sectors were trading at steep discounts to their more stable counterparts. The average valuation gap at pre-recession market peaks was about 25% in favor of defensives. During these recessions, the average valuation gap increased to 38%. "Much of the recession 'discount' in the comparative valuations of Cyclicals occurred during the twelve months (or earlier) preceding the pre-recession stock market peak. Today, that process does not appear to have begun," the firm wrote. The elevated S&P 500 Cyclical/Defensive Ratio also reflects some valuation shifts that have occurred over the last few decades. Defensive stock valuations have been declining as long-term growth for consumer staples and healthcare companies slow down. These companies now trade at a 10% discount to the S&P 500, compared to a medium premium of 10% since 1990. During previous recessionary bear markets, defensives traded at a 33% premium relative to the rest of the market, suggesting room for a defensive comeback if recessionary fears return. If this does occur, investors heavily exposed to cyclicals will suffer the most. Investors are continuing to bet on the most economically sensitive parts of the market. As long as cyclical stocks retain their valuation premium against defensives, it seems like there's no recession scare to be worried about.
Bloomberg
21 hours ago
- Bloomberg
Top Banker Vows Loyalty to DEI at Tokyo Pride Parade as Trump's Pushback Rages
The head of one of Japan's largest investment banks used the Tokyo Pride parade to strike a rare public stance on pushing ahead with diversity initiatives, as US President Donald Trump seeks to abolish such policies. Few Japanese corporate executives have taken a clear position on US efforts to roll back the diversity, equity and inclusion policies that had become common at global corporations, though many firms appear to have quietly maintained their initiatives.
