<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

貝萊德

全球上市私募股權 ETF - ProShares

黑石集團

摩根大通

<p>摩根大通已下調其私人信貸集團中貸款的價值，特別是針對那些被視為易受人工智能替代影響的軟件公司。這一舉措減少了該行業可用於貸款的資本，正值首席執行官傑米·戴蒙警告可能出現類似 2008 年的市場危機之際。價值 2 萬億美元的私人信貸市場正經歷流動性危機，投資者紛紛撤出重科技股的投資組合，導致黑石集團和貝萊德等公司在贖回請求增加的情況下限制提款</p>

摩根大通因對人工智能的擔憂下調私人信貸貸款的估值