JPMorgan Chase & Co. has established a new unit within its commercial and investment bank focused on creating bespoke financing structures that span public and private markets. Named Strategic Financing Solutions, the unit will integrate efforts across banking, markets, and sales, according to an internal memo circulated Monday. Initially, the unit will concentrate on structured private solutions, infrastructure finance, strategic asset-backed securities finance, merchant banking, and direct lending. “Financing needs are becoming increasingly complex while investors are seeking exposure to new markets,” wrote Doug Petno and Troy Rohrbaugh, co-heads of the commercial and investment bank. The memo stated that the new team “will focus on delivering alternative solutions to our corporate and sponsor clients.” Warfield Price, head of general industries leveraged finance, and Masi Yamada, global head of corporate structuring, will co-lead the group while retaining their current roles. They will report to Kevin Foley, global head of capital markets, and Brad Tully, global head of private side sales and corporate derivatives. The initiative targets the convergence of public and private markets, noting that many U.S. firms are choosing to remain private longer and are demanding more complex financial solutions. A notable example is JPMorgan’s advisory role in 3G Capital’s $9.4 billion acquisition of Skechers USA Inc., a deal involving cash, debt, two term loans, two notes, and a revolving credit facility. The new unit will also encompass JPMorgan’s direct lending operations, for which the bank allocated an additional $50 billion this year after deploying over $10 billion across 100 deals since 2021. In a February interview, Foley emphasized the bank’s “product-agnostic” approach to serving clients. The move mirrors Goldman Sachs Group Inc.’s recent formation of a capital solutions group, which also reflects the rising significance of private markets.