J.P. Morgan Asset Management appointed Meg McClellan as head of Private Credit in the firm’s Global Alternatives group to lead the firm’s major expansion in Private Credit.
In the newly-created role, McClellan will oversee the firm’s Global Special Situations, Infrastructure Debt and Commercial Mortgage Loan businesses and lead the firm’s development of new private credit solutions. She will be responsible for private credit platform growth, both organic and inorganic. She currently serves as J.P. Morgan Asset Management’s CFO.
With $146 billion in alternative assets under management, J.P. Morgan Asset Management has built one of the industry’s broadest alternative offerings and is a leader in the real estate, hedge fund, private equity, infrastructure and other real assets spaces.
The firm recently closed its Lynstone Global Special Situations fund, raising over $1 billion and surpassing its target by 40%.
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“We see private credit as an essential source of income and return in investors’ portfolios and we are firmly committed to building out our capabilities to enable our clients to take full advantage of the investment opportunities that exist in private markets,” said Anton Pil, head of Global Alternatives at J.P. Morgan Asset Management. “At this point in the economic cycle, we are particularly focusing our energies on the strongly collateralized end of the private credit spectrum and are seeing demand in real estate mezzanine debt, infrastructure debt, commercial mortgages, funds of funds, direct lending and special situation strategies.”
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J.P. Morgan Global Alternatives is the alternative investment arm of J.P. Morgan Asset Management.
