JPMorgan Files for Private Credit Fund With 7.5% Limit

JPMorgan Chase & Co. has filed a prospectus with regulators in the United States for a new private credit fund that permits quarterly redemptions of up to 7.5%. This move follows a period of heightened withdrawal activity across the alternative investment landscape. The JPMorgan Public and Private Credit Fund has also petitioned the Securities and Exchange Commission for an exemption allowing it to repurchase at least 2% of outstanding shares on a monthly basis.