City network selector | JPM is exploring the possibility of private entities taking over the loans

JP Morgan Asset Management (JPMAM) is looking to expand its alternatives capabilities and is considering acquiring a private lending company, according to reports.

To this end, JPMAM considered purchasing Chicago-based private lending firm Monroe Capital, but the two companies ultimately decided not to pursue the transaction. Monroe Capital has $18.8 billion in AUM.

The potential transaction was first reported by, among others, Bloomberg. JP Morgan and Monroe Capital declined to comment.