Tuesday, 24 May 2016
Last updated 5 hours ago
Feb 20 2008 | 10:33am ET
JPMorgan Asia Pacific today announced a major expansion in private equity investment as part of its regional growth strategy.
The firm is committing an initial US$750 million to mid-market buyout investment opportunities in Asia Pacific.
The expansion will be headed by Varun Bery and John Troy, co-founders of TVG Capital Partners, who will both join JPMorgan as managing directors where they will lead a team with a broad investment mandate focused on non-controlling investments. The team will be the Asian arm of JPMorgan's private equity business, which is headed by Bob Case in New York.
Gaby Abdelnour, chairman and CEO of JPMorgan Asia Pacific, said: “This investment is part of our intensified growth strategy in Asia Pacific. It offers JPMorgan huge potential in the private equity market by allowing us to rapidly accelerate expansion and seize growth opportunities.”