02:43 PM EDT, 10/01/2024 (MT Newswires) -- JPMorgan Chase ( JPM ) has partnered with Cliffwater, Shenkman Capital and FS Investments to expand its presence in the $1.7 trillion private credit market, Bloomberg reported Tuesday, citing people with knowledge of the matter.

Under the agreement, JPMorgan ( JPM ) will originate and invest in loans alongside the investment management firms, with limited opportunities for them to opt out of transactions, the report said.

FS Investments reportedly confirmed to Bloomberg its involvement in the partnership via a spokesperson.

JPMorgan ( JPM ), Cliffwater, Shenkman and FS Investments did not immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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