JP Morgan Asset Management (JPMAM), a global asset manager with US$213 billion in alternative assets under management, and iCapital, the global fintech platform driving the world’s alternative investment marketplace for the wealth management industry, announced a partnership to open up access “for APAC wealth managers and their clients to JPMAM’s private market investment capabilities, covering asset classes including private equity, infrastructure, transportation and real estate.”
Today’s announcement builds on “a long-standing relationship between the two companies. JP Morgan became a strategic investor in iCapital in 2018 and the two companies initiated their first distribution partnership in Australia in 2023 to expand alternative solutions to wholesale investors in Australia.”
Through this latest APAC regional collaboration, iCapital will aim to “provide its technology platform to facilitate the distribution of JPMAM’s select global alternative strategies, enabling APAC private wealth investors to explore a broader range of private market investment opportunities.”
Gary Leung, Head of Alternatives for Asia Pacific clients, JPMAM, said:
“The partnership with iCapital signifies our commitment to alternative democratization for private wealth investors. At a time of unprecedented benefits and demand for alternative investments, we see significant growth opportunities in private wealth alternatives and believe the democratization of private markets remains a key growth driver for the industry over the coming years. We look forward to enhancing our relationship with iCapital to further streamline access to private market investing opportunities.”
Marco Bizzozero, Head of International, iCapital, said:
“The iCapital and JP Morgan Asset Management teams have a common goal to allow a broader range of wealth managers to access high-quality private markets investing opportunities that can help clients meet portfolio objectives. With wealth managers increasingly looking to private markets as a way to help their clients improve their financial outcomes, we are delighted to deepen our partnership with JP Morgan Asset Management to deliver a comprehensive menu of alternative investments to clients in the APAC region.”
As noted in the update, JP Morgan Global Alternatives is “the alternative investment arm of JP Morgan Asset Management.”
With more than 60 years as an alternatives investment manager, US$213 billion in assets under management, and more than 800 professionals (as of December 31, 2023), JP Morgan offers strategies “across the alternative investment spectrum including real estate, private equity, private credit, hedge funds, infrastructure, transportation, timber, and liquid alternatives.”
Operating from offices throughout the Americas, Europe, and Asia Pacific, their independent alternative investment engines “combine specialist knowledge and singular focus with the global reach, vast resources, and powerful infrastructure of JP Morgan to help meet each client’s specific objectives.”
JP Morgan Asset Management, “with assets under management of US$3.1 trillion (as of December 31, 2023), is a global leader in investment management.”
JP Morgan Asset Management’s clients “include institutions, retail investors and high net worth individuals in every major market throughout the world.”
JP Morgan Asset Management “offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity. For more information: www.jpmorganassetmanagement.com. JP Morgan Asset Management is the marketing name for the asset management businesses of JPMorgan Chase & Co., and its affiliates worldwide.”