JPMorgan Chase & Co. is interested in acquiring a private credit firm, Hannah Levitt and Paula Seligson report for Bloomberg.
The company was in talks with Monroe Capital earlier this year about an acquisition, but the potential deal fell through.
Levitt and Seligson write that JPMorgan Chase & Co.’s asset management unit is looking to expand its private credit offerings. At the end of 2023, it managed roughly $17 billion in private credit assets.
While the company is interested in a potential acquisition, it also may decide to grow its private credit business from the ground up, a Bloomberg source said.
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