Private Equity Fund News
Jio Financial Services, BlackRock in talks to set up 50:50 JV for private credit
Source Inc42 (opens in a new tab)
US-headquartered asset management firm BlackRock is in talks with Jio Financial Services (JFS) to set up a private credit venture. The 50:50 partnership will aim to provide loans to a wide range of businesses – from large corporations to startups.The firms had previously teamed up to launch wealth management and stock broking ventures.