- The alternative investments unit of JPMorgan Chase & Co is reportedly planning to raise up to $10 billion over the next couple of months
The alternative investments unit of JPMorgan Chase & Co is reportedly planning to raise up to $10 billion over the next couple of months from clients such as pension funds, sovereign wealth funds, family offices, and private banks. This was revealed by JPMorgan’s global head of alternatives for the asset management arm Anton Pil in an interview with Bloomberg.
JPMorgan already has around $10 billion of client capital, which the company is planning to use on opportunities that are created by the market disruption.
“The magnitude of these dislocations is so significant,” said Pil via Bloomberg. “And to get some of these markets functioning, you need a lot of capital.”
Of the $10 billion, the company has $3 million budgeted for credit, $3 billion for real estate, and $4 billion for transportation/infrastructure.
And Pil told Bloomberg that the company has a road map for deploying capital “in this environment.”
JPMorgan has signed leisure and transportation deals in Europe. And the company identified potential investments associated with European office/industrial real estate, multifamily properties in Japan, and airplanes and container ships.
