J.P. Morgan expands with direct lending hires

J.P. Morgan’s $168 billion global alternatives platform is expanding into private credit with two hires from Wells Fargo Asset Management.

Vincent Lu and Brian Van Elslander have joined J.P. Morgan Asset Management’s growing private credit platform, bringing with them extensive experience in private credit and private equity sponsor coverage. They will report to Meg McClellan, head of private credit at J.P. Morgan Private Capital.

“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 . . .

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