<div id="readability-page-1">  <p><time datetime="2026-03-11T11:00:42+00:00">    Wednesday 11 March 2026 11:00 am  </time></p>         <div>                                                                                                                 Add as a preferred        source on Google                        </div>    <figure>    <div>       </div> <img width="742" height="495" src="https://imageproxy.pbkrs.com/https://www.cityam.com/wp-content/uploads/2026/01/GettyImages-1927388065-e1769079256440.jpg/query-dz03NDI?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" original-src="https://imageproxy.pbkrs.com/https://www.cityam.com/wp-content/uploads/2026/01/GettyImages-1927388065-e1769079256440.jpg/query-dz03NDI"/>  <figcaption>JP Morgan ramped up its defence to private credit (Image: Getty)</figcaption> </figure> <p>JP Morgan has marked down the value of specific loans held by private-credit groups, tightening its grip on the sector as boss Jamie Dimon warns of a looming AI reckoning.</p><p>The bank’s move specifically targets software companies, which it now views as highly vulnerable to being replaced by artificial intelligence.</p><p id="p-rc_0db9b76f344a97b6-64">By devaluing these assets, JP Morgan has reduced the amount of capital it is willing to lend to private-credit providers. </p><p id="p-rc_0db9b76f344a97b6-64">The shift, as reported by the Financial Times, follows continuous warnings from Dimon, who has drew comparisons between the current market tensions to the lead-up to the 2008 financial crisis. </p><p id="p-rc_0db9b76f344a97b6-64">Speaking at the bank’s annual investor day in February, Dimon said he is seeing “people doing dumb things” and expressed high anxiety over an impending market cycle.</p><p>Nerves in the software sector spiked last month after Anthropic AI launched a new tool which wiped billions off the European stock markets.</p><h2 id="h-asset-managers-swept-up-in-private-credit-jitters">Asset managers swept up in private credit jitters</h2><p id="p-rc_0db9b76f344a97b6-65">This institutional retreat has triggered a liquidity crisis across the $2 trillion private credit market with investors rushing to exit tech-heavy portfolios.</p><p id="p-rc_0db9b76f344a97b6-65">Last week, Blackstone and Blackrock were forced to address a surge in redemption requests as anxieties spiked.</p><p id="p-rc_0db9b76f344a97b6-66">Blackstone’s flagship $82bn BCRED fund saw investors attempt to pull a record 7.9 per cent of shares – roughly $3.8 billion. </p><p id="p-rc_0db9b76f344a97b6-66">To meet the demand without destabilising the fund, Blackstone and its employees stepped in with their own capital to bridge a 0.9 per cent gap above the fund’s typical 5 per cent quarterly limit.</p><p id="p-rc_0db9b76f344a97b6-67">Days later, Blackrock was hit with a surge leading it to limit withdrawals from its $26bn HPS Corporate Lending Fund. </p><p id="p-rc_0db9b76f344a97b6-67">After receiving requests to redeem 9.3 per cent of the fund’s shares, Blackrock strictly enforced its five per cent cap, leaving investors with roughly half of the cash they requested.</p><p>The “AI scare trade” continues to drive these jitters, as lenders and investors alike fear that the legacy software firms making up the bulk of private debt portfolios are poorly positioned to survive the rise of specialized AI tools.</p> </div>

JMTG

贝莱德

全球上市私募股权 ETF - ProShares

黑石集团

摩根大通

<p>摩根大通已下调其私人信贷集团中贷款的价值，特别是针对那些被视为易受人工智能替代影响的软件公司。这一举措减少了该行业可用于贷款的资本，正值首席执行官杰米·戴蒙警告可能出现类似 2008 年的市场危机之际。价值 2 万亿美元的私人信贷市场正经历流动性危机，投资者纷纷撤出重科技股的投资组合，导致黑石集团和贝莱德等公司在赎回请求增加的情况下限制提款</p>

摩根大通因对人工智能的担忧下调私人信贷贷款的估值