In this engaging discussion, Jake Pollack, Global Head of Credit Financing at J.P. Morgan, shares insights into the booming private credit market, now valued at $1.7 trillion. He highlights the evolving relationship between banks and non-bank lenders, focusing on middle market lending and the increasing demand for direct loans. The conversation delves into the challenges of liquidity in private credit trading, potential systemic risks, and emerging investment opportunities, painting a comprehensive picture of the future landscape in corporate financing.