JPMorgan Chase CEO Jamie Dimon told analysts in April that the roughly $1. 8 trillion private credit market doesn't pose a systemic risk. “You have to have very large losses in private credit before, at least it looks like, banks are going to get hit,” he said.
Source: [CryptoSlate](https://cryptoslate.com/wall-street-says-it-isnt-systemic-but-28-of-53-credit-funds-are-now-losing-money/)