JPMorgan Chase is expanding its investment‑banking footprint by launching a dedicated small‑cap team that will focus on deals valued $100 million to $500 million.

The move builds on the bank’s existing mid‑cap practice, which already generates $1 billion in revenue and grows 20% year over year. John Richert, who leads the mid‑cap effort, will oversee the new team and aims to staff it with 75 bankers.

JPMorgan’s bankers have advised on.Payment of over $500 billion of U.S. deals to date, ranking second after Goldman Sachs by Dealogic data. The firm now operates about 400 bankers worldwide, positioning it to deepen ties with small companies that also use JPMorgan’s commercial banking services.

The strategy follows a May reshuffle that named Charlie Bouckaert as global head of M&A, replacing Anu Aiyengar. Richert argues that competitors have not yet invested heavily in this segment, giving JPMorgan a chance to capture new revenue streams.