J.P. Morgan Asset Management has announced the appointment of Meg McClellan as head of private credit in the firm’s global alternatives group, effective Jan. 1, 2020, to lead the firm’s major expansion in private credit.
In the newly created role, McClellan will oversee the firm’s global special situations, infrastructure debt and commercial mortgage loan businesses and lead the firm’s development of new private credit solutions. She will be responsible for private credit platform growth, both organic and inorganic. McClellan currently serves as J.P. Morgan Asset Management’s CFO.
With $146 billion in alternative assets under management, the firm recently announced the close of its Lynstone Global Special Situations fund, raising more than $1 billion and surpassing its target by 40 percent.
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