JPMorgan Chase CEO Jamie Dimon has downplayed the threat of a private credit meltdown, stating that the $1.8 trillion leveraged private credit market is not a systemic risk. This comes amid concerns that a significant increase in nonbank lending could infect the broader financial markets. Goldman Sachs also stated that its private credit business is in good shape, with less than 5% of repurchase requests representing less than five% of shares as of Dec. 31. However, Dimon acknowledged that a downturn in credit would lead to higher than expected losses on all leveraged lending.