JPMorgan Is Said to Seek Out Partner for Private Credit Push

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.

The discussions with prospective partners — including sovereign wealth funds, pension funds, endowments and alternative asset managers — began in recent months and are at an early stage, the people said, asking not to be named discussing a private situation. The structure and terms of a potential partnership haven’t been finalized, and it’s possible more than one partner may be selected. JPMorgan approached ...