’40 Act private equity fund provides access to qualified individual and institutional investors
The Private Equity Group (“PEG”) of J.P. Morgan Asset Management announced the launch of JPMorgan Private Markets Fund (“JPMF”), a 1940 Act-registered, evergreen private equity fund. JPMF is designed to provide access to private equity investments for qualified and accredited individual and institutional clients1. JPMF’s features include a low $25,000 investment minimum2, no capital calls, simplified tax reporting and potential for quarterly liquidity3. JPMF is currently available on select private bank and custodial platforms and will expand availability in 2024.
JPMF provides individual and institutional investors with the ability to access PEG’s decades of investment experience, including a senior team that has worked together for 23 years. PEG manages $30 billion in AUM4 globally and JPMF combines J.P. Morgan Asset Management’s deep private market expertise with its long and successful track record managing ’40 Act funds for financial advisors.
“The launch of JPMF aligns with our long-term vision to lead the global democratization of alternatives, building on our offerings across Real Estate, Real Assets, Hedge Funds and Liquid Alternatives,” said Anton Pil, Global Head of Alternatives, J.P. Morgan Asset Management. “Private equity has traditionally been difficult for individuals to access, so we’re thrilled to deliver our institutional-grade private equity investment expertise to this investor base through JPMF.”
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“We are witnessing increased demand from all investor types to look beyond public markets for access to compelling private company investment opportunities, and the launch of JPMF is an important step in expanding access to the potential long-term return and volatility benefits of private equity,” said Ashmi Mehrotra, Co-Head of PEG at J.P. Morgan Asset Management. “Investment selection remains critical in small and middle market companies, where private equity ownership can drive transformational business improvements to accelerate growth, without reliance on financial engineering. Our experienced, diverse and global team is ideally positioned to seek the highest conviction investments in this segment.”
“We are thrilled to be able to extend the expertise of our Private Equity Group to the private wealth market through the launch of JPMF,” said Andrea Lisher, Head of Americas, Client at J.P. Morgan Asset Management. “It is an exciting extension of how we serve financial advisors and fills an important gap in many portfolios.”
J.P. Morgan Global Alternatives is the alternative investment arm of J.P. Morgan Asset Management. With more than 60 years as an alternatives investment manager, US$213 billion in assets under management and more than 800 professionals (as of June 30, 2023), J.P. Morgan Global Alternatives offers strategies across the alternative investment spectrum including real estate, private equity, private credit, hedge funds, infrastructure, transportation, timber and liquid alternatives. Operating from offices throughout the Americas, Europe and Asia Pacific, our independent alternative investment engines combine specialist knowledge and singular focus with the global reach, vast resources and powerful infrastructure of J.P. Morgan to help meet each client’s specific objectives. For more information, visit jpmorgan.com/am.
J.P. Morgan Asset Management, with assets under management of $2.8 trillion (as of 6/30/2023), is a global leader in investment management. J.P. Morgan Asset Management’s clients include institutions, retail investors and high net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity.
JPMorgan Chase & Co. is a leading financial services firm based in the United States of America (“U.S.”), with operations worldwide. JPMorgan Chase had $3.9 trillion in assets and $313 billion in stockholders’ equity as of June 30, 2023. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world’s most prominent corporate, institutional and government clients globally.
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