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.
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The banks are where the money isn’t
“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.”
