JPMorgan Chase (JPM) has established a dedicated unit within its commercial and investment bank focused on delivering bespoke financing solutions across both public and private markets, Bloomberg reported Tuesday quoting an internal memo written by Doug Petno and Troy Rohrbaugh, co-heads of the commercial and investment bank.

The new division, Strategic Financing Solutions, will bring together experts from banking, markets, and sales to provide tailored capital structures addressing increasingly complex client needs and the growing convergence between public and private markets, the report noted.

Initially, this unit will concentrate on structured private solutions, infrastructure financing, strategic asset-backed securities, merchant banking, and direct lending, reflecting JPMorgan's push into alternative financing strategies amid rising demand in the private credit market, it added.

Warfield Price, head of general industries leveraged finance, and Masi Yamada, global head of corporate structuring, will co-lead the group while maintaining their current roles, reporting to Kevin Foley, global head of capital markets, and Brad Tully, global head of private side sales and corporate derivatives, the report said.

The new business will also consolidate JPMorgan's direct lending efforts, backed by an additional $50 billion allocated earlier this year, building on over $10 billion deployed across more than 100 deals since 2021, the report detailed.

JP Morgan didn't immediately reply to MT Newswires' request for comment.

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