J.P. Morgan Asset Management has launched J.P. Morgan Private Capital, which includes a new growth equity investment arm and an existing private debt business, committed to providing customized solutions for early and growth-stage companies across the capital structure. The group will be focused on institutional and high-net-worth clients and will also have the ability to invest the firm’s capital alongside investors.
J.P. Morgan Private Capital will be led by Brian Carlin, previously CEO of Wealth Management Solutions at J.P. Morgan, with Rick Smith, former head of private investments at JPMorgan Chase, serving as chairman of the group, and Meg McClellan, serving as the head of private debt.
“Growth equity and private debt are among the fastest-growing asset classes in the alternatives industry, with strong demand from both individual and institutional investors to look beyond public markets,” said Carlin, CEO, J.P. Morgan Private Capital.
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