J.P. Morgan reports $359m fundraise for newly launched U.S. mezzanine debt fund

J.P. Morgan Asset Management Global Real Assets has already raised $359 million for its newly launched U.S. Real Estate Mezzanine Debt Fund, according to a form filed with the SEC.

Already 19 investors have pledged capital to the limited partnership equity fund, which was launched on June 14.

The fund furthers the firm’s goal of continuing to originate mezzanine debt on high-quality, primarily stabilized core assets in major markets to experienced sponsors, as presented in its 2019 Global Alternatives Outlook.

The fund’s investment strategy and amount of targeted capital were unknown at the time of publication.