J.P. Morgan Asset Management taps new head of private credit

The exec will also be responsible for the firm's commercial mortgage loan businesses

J.P. Morgan Asset Management taps new head of private credit

J.P. Morgan Asset Management has appointed its chief financial officer, Meg McClellan, to lead the firm's expansion in private credit.

 As head of private credit, McClellan will lead the company's commercial mortgage loan businesses, global special situations, and infrastructure debt. She will also spearhead the development of new private credit offerings, as well as oversee the growth of the private credit platform.

"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 trillion private credit market," said Anton Pil, head of global alternatives at J.P. Morgan Asset Management.

To date, J.P. Morgan Asset Management has $146 billion in alternative assets under management. The firm recently announced the close of its $1 billion Lynstone Global Special Situations fund.

"Meg is a highly regarded leader in the asset management industry, and her significant investment, markets, operational and risk management expertise will be critical in growing our private credit offering and allowing us to deliver new and innovative solutions to clients," Pil said.