JPMorgan Chase (JPM) said Monday it is committing $50 billion from its balance sheet, along with nearly $15 billion from multiple co-lenders, towards its private credit deals.

The move is intended to help extend its direct lending capabilities, the company said.

The company said it has allocated over $10 billion across 100 private credit transactions since 2021.

JPM shares were 0.4% higher in recent premarket activity.