J.P. Morgan Asset Management announces evergreen PE fund

J.P. Morgan Asset Management's Private Equity Group (PEG) has introduced the JPMorgan Private Markets Fund (JPMF), a newly launched 1940 Act-registered private equity fund. This evergreen fund aims to grant qualified and accredited individual and institutional clients access to private equity investments, boasting a modest $25,000 investment minimum and eliminating capital calls.

With simplified tax reporting and potential for quarterly liquidity, JPMF is currently accessible on specific private bank and custodial platforms, with plans for expanded availability in 2024. Leveraging PEG's extensive 23-year senior team experience, JPMF taps into PEG's $30 billion in assets under management globally, combining J.P. Morgan Asset Management's profound private market expertise with a successful track record managing '40 Act funds for financial advisors.