J.P. Morgan Asset Management announced the final close of J.P. Morgan Net Lease Real Estate Fund II (the fund), with $1.1 billion in total capital commitments. The close marks a milestone in the continued growth of J.P. Morgan’s U.S. net lease platform as the first fund raised by the firm following its 2023 acquisition of Trio Investment Group and builds on the strong foundation established by Trio Net Lease Fund I.
The fund closed above its initial $500 million target, attracting strong support from a diversified global institutional and private wealth investor base spanning the United States, Asia Pacific and the Middle East, with commitments anchored by leading pension, endowment and insurance institutions. More than half of the investors are new to J.P. Morgan Asset Management Real Estate Americas.
“Investors continue to recognize the important role private markets can play in building resilient portfolios,” said Jed Laskowitz, global head of private markets
