CFS selects JPMAM for further private markets | Australian Markets

JP Morgan Asset Management (JPMAM) has prolonged a key mandate, being chosen by Colonial First State (CFS) as its companion for its foray into private markets.

CFS introduced it was making a debut into private equity allocation and persevering with its enlargement into unlisted asset courses.

The announcement mentioned the 2 companies would work collectively to design a multi-year deployment program to capitalise on alternatives within the present market atmosphere, by investing in secondaries and co-investments, with a give attention to small and mid-market buyout transactions “that offer attractive risk and return characteristics”.

Commenting on the transfer, CFS chief investment officer, Jonathan Armitage mentioned the choice to nominate JPMAM for the firm’s inaugural private equity allocation mirrored their experience and efficiency within the asset class.

“We were particularly impressed by the depth of their private equity team, their commitment to delivering tailored solutions, and their ability to access and leverage the broader capabilities and relationships across the J.P. Morgan organisation,” he mentioned.

The announcement famous that JPMAM’s Private Equity Group manages US$35 billion on behalf of a world consumer base with a deal sourcing engine that originated in 1980.

JPMAM Private Equity Group Global Co-Head, Ashmi Mehrotra famous that the workforce had generated direct alpha comfortably above the MSCI World Index on a web of charges foundation since 2008.

JPMAM ANZ chief govt, Andrew Creber mentioned the firm was delighted to grow its partnership with CFS, which spans each public and private markets.

“Private equity plays a critical role in diversifying portfolios because it has the potential to enhance returns and reduce risk, but selecting the right partner with the experience and network to source transactions that exhibit attractive risk and return characteristics is critical.,” he mentioned.

“We are a big believer in long-term strategic partnerships and ultimately aim for our clients to view JPMAM as an extension of their own investment teams.”