JPMorgan Chase & Co. is in advanced discussions to partner with FS Investments and Octagon Credit Investors to expand its reach in the $1.7 trillion private credit market, according to people with knowledge of the matter.
Talks are ongoing and the terms of potential tie-ups may still change, said the people, who asked not to be identified because the conversations are private.
The US bank has been looking to pull together a group of lenders to help fund private credit deals it originates, in an effort to be more competitive against private credit giants such as Ares Management Corp. and Blackstone Inc.
https://www.bnnbloomberg.ca/jpmorgan-nears-private-debt-tie-ups-with-fs-investments-octagon-1.2040726