JPMorgan Private-Credit Trading Push Takes Off After Slow Start

JPMorgan Chase & Co.’s trading effort in the $1.8 trillion private-credit market is building momentum after years of sluggish growth.

The biggest US bank has traded roughly $2 billion of private-credit loans this year, more than in all previous years combined, according to Sanjay Jhamna, global head of credit trading, and Jake Pollack, global head of credit financing. About 20 loans have changed hands, the pair said in an interview on the sidelines of JPMorgan’s Global Markets Conference in Paris this week.