JPMorgan Chase has launched a new division focusing on tailored financing solutions in public and private markets, known as Strategic Financing Solutions. Co-heads Doug Petno and Troy Rohrbaugh highlight the increasing complexity of financing needs and investor interest in new markets. The team aims to deliver alternative solutions to corporate and sponsor clients.

General industries leveraged finance leader Warfield Price and global head of corporate structuring Masi Yamada will oversee the new unit. They will report to Kevin Foley and Brad Tully, global heads of capital markets and private side sales, respectively. The move aims to take advantage of the merging of public and private markets as more US firms choose to stay private longer.

JPMorgan facilitated a $9.4bn take-private transaction for 3G Capital’s acquisition of Skechers USA. The deal involved cash, debt, two term loans, two notes, and a revolving credit facility. The new business will also include JPMorgan’s direct-lending operations, with $50bn allocated earlier this year after deploying over $10bn across 100 transactions since 2021.

David Frame has been appointed as the global CEO of JPMorgan Chase’s private bank. Previously serving as the CEO of the US private bank, Frame’s appointment aims to strengthen the bank’s private banking services. The move to launch the Strategic Financing Solutions unit reflects JPMorgan’s commitment to providing innovative financing solutions in a changing market landscape.

Read more at Yahoo Finance: JPMorgan Chase launches Strategic Financing Solutions unit