JPMorgan Chase has established a brand new advisory group inside its funding financial institution geared toward serving to corporations elevate capital in non-public markets.
The financial institution’s Personal Capital Advisory and Options unit will present mergers and acquisitions recommendation whereas working intently with the capital markets division, in line with the Wall Avenue Journal.
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The staff can be led by Keith Canton, who joined JPMorgan in 2015 and most lately headed the agency’s Americas fairness capital markets enterprise.
The transfer underscores the financial institution’s push to deepen its presence in various investments and follows JPMorgan’s assertion in its 2026 funding outlook that non-public markets have gotten important to investor portfolios.
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It comes as a report from Moody’s final yr discovered that US banks had lent almost $300bn (£224.1bn) to non-public credit score suppliers as of June, with complete lending to non-depository monetary establishments reaching $1.2tn.
In keeping with the info, JPMorgan Chase was among the many 5 largest lenders, with publicity of $22.2bn.