08:56 AM EST, 02/24/2025 (MT Newswires) -- JPMorgan Chase ( JPM ) said Monday it is committing $50 billion from its balance sheet, along with nearly $15 billion from multiple co-lenders, towards its private credit deals.

The move is intended to help extend its direct lending capabilities, the company said.

The company said it has allocated over $10 billion across 100 private credit transactions since 2021.

JPM shares were 0.4% higher in recent premarket activity.