J.P. Morgan Asset Management Expands Private Credit Platform, Hires Co-Heads Of Global Performing Credit
J.P. Morgan Asset Management today announced the expansion of its private credit platform and the appointments 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; they report to Meg McClellan, Head of Private Credit at J.P. Morgan 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.
“With central bank liquidity at historic highs and interest rates remaining low, investors continue to search for sources of yield and downside protection,” said Meg McClellan, Head of Private Credit, J.P. Morgan Private Capital. “Global Performing Credit will harness our deep experience in alternative investing and differentiated sourcing capabilities to capitalize 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,” said Brian Carlin, CEO, J.P. Morgan 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.”
© The Sortino Group Ltd
All Rights Reserved. No part of this publication may be reproduced, stored in a retrieval system or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or scanning or otherwise, except under the terms of the Copyright, Designs and Patents Act 1988 or under the terms of a licence issued by the Copyright Licensing Agency or other Reprographic Rights Organisation, without the written permission of the publisher. For more information about reprints from AlphaWeek, click here.