JPMorgan Marks Down Loan Portfolios of Private Credit Groups
JPMorgan has reportedly marked down the loan portfolios of several private credit groups and is now restricting private credit lending as a consequence.
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JPMorgan Limits Lending To Private Credit Groups After Marking Down Loan Collateral
JPMorgan Limits Lending To Private Credit Groups After Marking Down Loan Collateral The barrage of negative private credit news, now that the $1.8 trillion bubble has burst, is coming hot and heavy. Following last night's report that Cliffwater, a private credit interval fund which according to Rubric Capital "is the canary in the coal mine and will be the first domino in the bank run” was the latest fund to be hit with 7% in investor redemptions (and unlike BlackRock, interval...