JPMorgan Struggles to Break Into Private Credit Trading
Welcome to Going Private, Bloomberg's twice-weekly newsletter about private markets and the forces moving capital away from the public eye. Today, we look at xAI's new debt raise and China's shelved plans to sell stakes in private equity funds. But first, we look at the challenges that JPMorgan is facing in developing a secondary market for private debt. If you're not already on our list, sign up here. Have feedback? Email us at goingprivate@bloomberg.net — Isabella Farr and Davide Scigliuzzo
Private credit managers have a message for the JPMorgan Chase traders who have been trying to establish a secondary market for the industry: no thanks.
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