JPMorgan Asset Management expands private credit platform
JPMorgan Asset Management has expanded its private credit platform with the appointment of Vincent Lu and Brian Van Elslander as co-heads of the newly formed Global Performing Credit group.
Lu and Van Elslander bring extensive experience in private credit and private equity sponsor coverage to the roles, and will report to Meg McClellan, Head of Private Credit at JPMorgan Private Capital.
Global Performing Credit will initially target opportunities in the direct lending segment, with plans to expand into other private credit strategies in the future. The new group will benefit from the scale and resources of JPMorgan’s USD168 billion Global Alternatives platform and its 50-plus year track record across alternative investments including private credit, private equity, real estate, hedge funds, infrastructure, transportation and liquid alternatives.
“With central bank liquidity at historic highs and interest rates remaining low, investors continue to search for sources of yield and downside protection,” says McClellan. “Global Performing Credit will harness our deep experience in alternative investing and differentiated sourcing capabilities to capitalise on the significant opportunities in direct lending, which have been amplified by current market dynamics.”
“We see significant investment opportunity in private credit, and Vince and Brian’s depth of experience in sourcing, investing and managing capital in direct lending and other private credit strategies will prove invaluable to the Global Performing Credit platform,” says Brian Carlin, CEO, JPMorgan Private Capital. “Direct lending markets are growing rapidly, and our team is well-equipped to provide valuable investment expertise and unique opportunities to investors by leveraging the sourcing capabilities and credit expertise across JPMorgan Chase.”