JPMorgan Chase’s listed private equity fund plans to raise £40 million (US$65.8 million) with a new share offer.
JPMorgan Private Equity, which is listed on the London Stock Exchange, will sell new zero-dividend preference shares to raise the new money. According to AltAssets, the share sale will finance new investments sparked by an increasing number of secondary-market opportunities.
JPMorgan Private Equity invests in secondary portfolios of direct p.e. investments and significantly-invested limited partner interests.
Gabriel KurlandBy Gabriel Kurland: On November 12, 2009, the U.K.’s Serious Fraud Office (“SFO”), an independent government department that investigates and prosecutes fraud and corruption cases, announced that it is probing the London-based, Dynamic Decisions Capital Management Ltd., after the matter was referred to it by the Financial Services Authority. More...
According to a survey of 300 executives by Ernst & Young, the world’s biggest companies are poised to increase spending cleantech solutions. More...