J.P. Morgan Asset Management has expanded its private credit platform and added of Vincent Lu and Brian Van Elslander as co-heads of the newly formed global performing credit group. Mr. Lu and Mr. Van Elslander bring extensive experience in private credit and private equity sponsor coverage to the roles (full bios included below). The two new hires report to Meg McClellan, head of private credit at J.P. Morgan Private Capital.
Global Performing Credit will initially target opportunities in the direct lending segment, with plans to expand into other private credit strategies in the future.
“With central bank liquidity at historic highs and interest rates remaining low, investors continue to search for sources of yield and downside protection,” said McClellan. “Global Performing Credit will harness our deep experience in alternative investing and differentiated sourcing capabilities to capitalize on the significant opportunities in direct lending, which have been amplified by current market dynamics.”
“We see significant investment opportunity in private credit, and Vince and Brian’s depth of experience in sourcing, investing and managing capital in direct lending and other private credit strategies will prove invaluable to the Global Performing Credit platform,” said Brian Carlin, CEO, J.P. Morgan Private Capital. “Direct lending markets are growing rapidly, and our team is well-equipped to provide valuable investment expertise and unique opportunities to investors by leveraging the sourcing capabilities and credit expertise across JPMorgan Chase.”
Lu joins J.P. Morgan Global Alternatives after most recently serving as co-head of private strategies at Wells Fargo Asset Management.
Van Elslander also previously served as co-head of private strategies at Wells Fargo Asset Management.