JPMorgan Chase (JPM) is making a big move in private credit with a $50 billion push into direct lending. This move aims to make it easier for

JPMorgan Chase has said it will set aside $50bn to lend to risky companies backed by private equity firms as it revs up its push into the booming private credit market.

Traditional lenders such as JPMorgan, Citigroup, and Wells Fargo are rushing to grab a bigger slice of the booming market that has been dominated by private capital providers. JPMorgan, since 2021, has already deployed over $10 billion across more than 100 private credit transactions serving corporate and sponsor clients,

JPMorgan Chase (NYSE:JPM) is pouring an additional $50B into its direct-lending push, it said on Monday, eyeing a leading role in the $1.6T private credit market, according to a media report dated Monday.