J.P. Morgan Asset Management’s Private Equity Group has closed its second dedicated co-investment vehicle, PEG Co-Investment Fund II, with $1 billion in commitments, surpassing its original $750 million target. The raise includes capital from the PEG team and represents a significant expansion of the group’s long-standing co-investment program focused on small- and middle-market buyouts.
The new fund builds on PEG’s established investment strategy, which emphasizes partnering alongside private equity sponsors to identify high-growth companies across diversified sectors and geographies. COIN II follows the group’s inaugural 2021 co-investment fund, which secured $667 million and is now fully deployed across a broad portfolio of private companies.
J.P. Morgan Asset Management’s Private Equity Group has over four decades of experience and currently manages $36 billion in assets for institutional and private wealth clients worldwide. Its network comprises more than 250 private equity sponsor relationships, offering, the firm says, a deep, proprietary pipeline of co-investment opportunities. The platform provides multiple entry points for investors, including commingled strategies and customized mandates.
The broader J.P. Morgan Asset Management organization oversees $4 trillion in assets as of September 30, 2025, serving global institutional clients, individual investors, and high-net-worth households across equity, fixed income, real estate, hedge funds, private equity, and liquidity strategies. Parent company JPMorgan Chase & Co., one of the world’s largest financial institutions, reported $4.6 trillion in assets and $360 billion in stockholders’ equity as of the same period, serving consumers, businesses, and major institutions across its banking and asset management franchises.
KEY QUOTES:
“We are pleased to announce the close of PEG Co-Investment Fund II, a focused strategy that is well positioned for the current market environment and opportunity set. We will continue to leverage our team’s experience and general partner (GP) network to identify attractive private companies in the small and middle market that have strong growth potential.”
Stephen Catherwood, Co-Head of J.P. Morgan Asset Management’s Private Equity Group
