JPMorgan may be interested in acquiring Carlyle Global Credit, the private credit arm of Carlyle, should the business become available for sale, according to a New York Post report.
The speculation follows comments from Jamie Dimon, chairman and CEO of JPMorgan (NYSE: JPM), who recently said at a conference that the bank is actively evaluating acquisition opportunities and could pursue a transaction valued between $10 billion and $20 billion over the next several years. While Dimon emphasized that any deal would need to be strategically compelling and appropriately priced, market participants have reportedly begun discussing whether private credit could be a target area for expansion.
Carlyle Global Credit manages approximately $194 billion in assets under management. The business invests across a broad range of private credit strategies and has benefited from the rapid growth of alternative lending markets as institutional investors seek yield outside traditional fixed-income products.