Hurdles ahead in JPMorgan’s bid to form private credit syndicate


File pic. — Bloomberg

NEW YORK: JPMorgan Chase & Co is running into some pushback over fees and control as it aims to pull together a group of lenders to help fund private credit deals it originates, an effort that has the potential to reshape the burgeoning market.

The biggest US bank has held talks with several private credit firms about creating what would amount to a syndication group where members would take a slice of each loan, according to sources.

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