The new partnership promises Canadian investors entry into JP Morgan's private markets strategy
JP Morgan Asset Management (JPMAM) has introduced access to the JP Morgan Private Markets Strategy for Canadian accredited investors.
This launch marks the first JP Morgan strategy available in Canada, creating a pathway for accredited investors to access private equity through the JPMorgan Private Markets Fund (JPMF).
Through a partnership with iCapital Network Canada Ltd. (iCapital Canada), Canadian investors can now engage with this strategy via the iCapital PEG Evergreen Private Equity CAD Fund.
This partnership is aimed at meeting a growing demand among Canadian accredited investors for alternative investments beyond the public markets. The partnership promises to simplify access to private market opportunities for advisors and their clients nationwide.
The Fund, a non-diversified, closed-end investment management company registered under the US Investment Company Act of 1940, will be managed by iCapital Canada.
As an affiliate of iCapital, the Canadian investment manager will leverage iCapital’s fintech platform, which supports access to alternative investments for wealth managers.
With a focus on private equity and other private assets, the investment strategy is designed for long-term capital appreciation, drawing on JPMF’s actively managed portfolio. The Fund is structured to provide investors access to JPMAM Private Equity Group’s (PEG) substantial investment experience.
The senior team within PEG has worked together for 24 years, managing US$31bn in assets under management (AUM) globally.
JPMF combines JPMAM’s private market expertise with an established track record in managing mutual funds, separately managed accounts, and exchange-traded funds for financial advisors.
Portfolio Manager Ashmi Mehrotra highlighted JPMF’s emphasis on small and mid-market buyouts, which, she noted, “make up a large part of the overall private equity market.”
These segments generally offer lower average entry prices, lower leverage multiples, and identifiable value creation opportunities.
Mehrotra added that these characteristics may present “enhanced returns for long-term investors” who can capitalize on potential outperformance associated with small and middle-market buyouts.
Travis Hughes, head of Canada at JPMAM, emphasized the significance of this partnership in advancing private markets strategy in Canada and reaffirmed the company’s commitment to “democratizing access to alternatives for private wealth investors.”
