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Laxman Pai, Opalesque Asia: Meg McClellan was named managing director and head of private credit at J.P. Morgan Asset Management. It is a newly created position, said the asset manager with $146 billion in alternative assets under management.
Ms. McClellan, whose new role is effective Jan. 1, will lead the money manager's efforts to expand its private credit offerings.
"She will build out the unit's $10 billion private credit business to help meet strong investor demand for such assets," said Anton Pil, head of global alternatives at J.P. Morgan Asset Management.
"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," he added.
"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," he said.
"The establishment of a new Head of Private Credit role is a testament to our concerted focus on curating a diverse, industry-leading team, and we couldn't be more pleased to have Meg leading our efforts to build on our $10 billion and growing of private credit assets to become a leader in the nearly $1 trill...................... To view our full article Click here
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