JPMorgan Chase has established a new advisory group within its investment bank aimed at helping companies raise capital in private markets.
The bank’s Private Capital Advisory and Solutions unit will provide mergers and acquisitions advice while working closely with the capital markets division, according to the Wall Street Journal.
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The team will be led by Keith Canton, who joined JPMorgan in 2015 and most recently headed the firm’s Americas equity capital markets business.
The move underscores the bank’s push to deepen its presence in alternative investments and follows JPMorgan’s assertion in its 2026 investment outlook that private markets are becoming essential to investor portfolios.
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It comes as a report from Moody’s last year found that US banks had lent nearly $300bn (£224.1bn) to private credit providers as of June, with total lending to non-depository financial institutions reaching $1.2tn.
According to the data, JPMorgan Chase was among the five largest lenders, with exposure of $22.2bn.
