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Alternative Assets  + Private Equity  |  October 11, 2023
JP Morgan Aims to “Democratize” Alternatives
Joe Palmisano
By: Joe Palmisano

JP Morgan Aims to “Democratize” Alternatives

The Private Equity Group of JP Morgan Asset Management has launched the JPMorgan Private Markets Fund (JPMF), an evergreen fund for qualified and accredited individual and institutional clients.

JPMF’s features include a $25,000 minimum investment, no capital calls, simplified tax reporting and potential for quarterly liquidity, pitching it has a “democratization of alternatives.” The fund is currently available on several private bank and custodial platforms and will expand availability in 2024.

“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.

JP Morgan’s private equity group currently has $30 billion in assets under management.

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About Joe Palmisano

Joe Palmisano is editorial director of Connect Money, where he oversees daily coverage of alternative assets, direct investments, financial advisory and the economy. He brings three decades of experience as a financial journalist, analyst and portfolio manager. Before joining Connect Money, Palmisano wrote for The Wall Street Journal, covering foreign exchange, global fixed-income and equity markets. He later served as a senior research analyst and portfolio manager, producing market analysis and managing foreign exchange and U.S. equity portfolios for FX Concepts. His work has also appeared in SFO Magazine and CMT Association publications. Palmisano earned a bachelor’s degree in finance from The American University and holds the Chartered Market Technician (CMT) designation and is a member of the CFA Institute.
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