J.P. Morgan has invested in Arcesium, an investment management technology and professional services firm.
The investment is expected to deepen Arcesium's strategic partnership with J.P. Morgan, including its securities services business, a provider of independent fund administration and comprehensive outsourcing solutions to alternative fund managers, asset managers, and asset owners. Terms of the investment were not disclosed.
"This investment and collaboration underscores J.P. Morgan's continued focus in the alternatives segment," said Teresa Heitsenrether, global head of securities services, J.P. Morgan. "The combination of J.P. Morgan's Securities Services and Arcesium's innovative technology is driving more scalable solutions to our clients. Through its partnership with Arcesium as a technology provider, J.P. Morgan has offered its alternative asset manager clients solutions to their most complex operations and data management challenges."
Since its launch