JPMorgan Chase & Co. is searching for a potential partner to grow its private credit business and accelerate its push into one of the hottest areas in leveraged finance, according to people with knowledge of the matter.
“We have a huge competitive risk and opportunity here, a lot of our best corporate and private-equity clients really want to borrow money from us, and if we lend them money we’ll get really good risk-adjusted returns, but if we don’t we will lose business to competitors, so let’s do it.”