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 (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.

JPMorgan, since 2021, has already deployed over $10 billion across more than 100 private credit transactions serving corporate and sponsor clients.

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. The largest US bank by assets said it had allocated $50bn of its own capital and had commitments for $15bn from other investors to make loans directly to companies,