According to J.P. Morgan’s 2024 alternatives outlook, much of 2023 featured a slowdown in private market activity, putting pressure on pricing in many alternative assets. This opened considerable investment value in some segments and could result in a compelling 2024 vintage.
J.P. Morgan Asset Management launched a new life sciences private equity team, which will be called Life Sciences Private Capital. The new team will invest in both early and growth stage healthcare companies across multiple strategies.
J.P. Morgan Asset Management hired Daniel Yem as a senior investment specialist to support the firm’s retirement solutions team. Yem will be based in New York and report to Daniel Oldroyd, head of target date strategies.
J.P. Morgan Asset Management closed its Lynstone Special Situations Fund II with $2.4 billion in capital raised from a broad set of institutional investors comprised of pension funds, insurance companies, foundations endowments and wealth managers across the globe.
J.P. Morgan Asset Management hired Carissa Biggie as managing director and global head of broker relationship management. Biggie will be based in New York and report to Kristian West, head of the firm’s investment platform team.
J.P. Morgan Asset Management added Arezu Moghadam as managing director and global head of data science. Moghadam joined J.P. Morgan from Point 72, where she was head of quantitative analytics for its market intelligence unit.
J.P. Morgan Asset Management hired Ash Williams, the former chief investment officer and executive director of the Florida State Board of Administration, as vice chair of asset management.
Black Women in Asset Management added Ares Management, BlackRock, Federated Hermes, Helios Investment Partners, J.P. Morgan Asset Management, M&G, Maniyar Capital, Morningstar and State Street Global Advisors as new institutional members.
J.P. Morgan Asset Management created a new sustainability-focused growth private equity investment team. In support of these efforts, the firm hired Tanya Barnes as co-managing partner of the new team alongside Osei Van Horne.
J.P. Morgan Asset Management expanded its private credit platform and appointed Vincent Lu and Brian Van Elslander co-heads of the newly formed global performing credit group. Lu and Van Elslander have experience in private credit and private equity sponsor coverage.