BREAKINGVIEWS-Jamie Dimon’s deal fever has a private credit cure

Blue Owl Capital
Jpmorgan Chase

Blue Owl Capital

OWL

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Jpmorgan Chase

JPM

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The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

By Stephen Gandel

- The JPMorgan boss says he could spend up to $20 bln on an acquisition. Options range from global banking peers to tech upstarts. Apply the tests of size, fit and opportunism, though, and one option stands out: shadow lender Blue Owl. Breakingviews imagines the M&A pitch.

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CONTEXT NEWS

JPMorgan CEO Jamie Dimon on May 27 told attendees at an industry conference that the largest U.S. bank could consider a large acquisition. “I do think there might be, in the next couple of years, a chance to put $10 or $20 billion to work buying something,” Dimon said.