J.P. Morgan Asset Management announced the final closing of its Lynstone Special Situations Fund II (Lynstone Fund II), with $2.4 billion in capital raised from a broad set of institutional investors comprised of pension funds, insurance companies, foundations, endowments and wealth managers across the Americas, Europe, Australia and Asia.
Lynstone Fund II is investing in stressed, distressed and event-driven situations in European and North American private and public markets across the capital structure, where underlying assets are potentially discounted due to illiquidity or market disruption and where an event or catalyst has the strong potential to drive a positive total return.
Lynstone Fund II, which surpassed its $2 billion target, represents the second fund from J.P. Morgan Asset Management’s $3.5 billion Global Special Situations (GSS) team. The GSS team is led by co-CIOs Leander Christofides and Brad Demong. The GSS team operates as part of J.P. Morgan