Know What's Happening in Business

JPMorgan Chase Forms Team Focused on Helping Companies Raise Private Capital

JPMorgan Chase announced the formation of a Private Capital Advisory and Solutions team to help companies raise private financing, including early‑stage equity, preferred stock and convertible bonds. The unit will link investors with firms seeking capital and explore secondary fund structures. This move follows JPMorgan’s recent commitment of more than $60 billion to direct‑lending and private‑credit initiatives, underscoring a strategic shift toward private markets. The bank joins peers like Wells Fargo and Citi in courting the fast‑growing private‑capital space.