JP Morgan asset management announced that they have launched a new growth equity platform named JP Morgan private capital which will be headed by two new managing partners; Christopher Dawe and Osei Van Horne. JP Morgan private capital also includes a new growth equity investment arm and an existing private debt business and its primary goal is to provide customers for early and growth-stage companies across the capital structure.
The group will also primarily focus on clients of high-net-worth who have the ability to invest in the firm’s capital along with investors. The JP Morgan private capital will be led by Brian Carlin, previously CEO of Wealth Management Solutions at JP Morgan, along with Rick Smith, former Head of Private Investments at JP Morgan Chase, and Meg McClellan, serving as the Head of Private Debt.
JP Morgan also announced that they have hired Christopher Dawe from Goldman Sachs as Managing Partner along with Osei Van Horne from Wells Fargo. Dawe will lead the technology and consumer growth equity business while Horne will be in charge of investment across industries with a focus on climate action and inclusive economic growth.
Mary Erdoes, Chief Executive Officer, JP Morgan Asset & Wealth Management told the media, “JP Morgan Private Capital will harness JP Morgan Chase’s unparalleled scale, network and resources to deliver a best-in-class growth equity and private debt investment platform.
“By combining our debt and equity capabilities, we are ideally positioned to help companies and clients from around the globe access liquidity and investment opportunities across capital markets. 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.“