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.
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