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 Americas, Europe, Australia and Asia.
Lynstone Fund II is investing in stressed, distressed and event-driven situations in European and North American private and public markets across the capital structure, where underlying assets are potentially discounted due to illiquidity or market disruption and where an event or catalyst has the strong potential to drive a positive total return.
Lynstone Fund II, which surpassed its $2 billion target, represents the second fund from J.P. Morgan Asset Management’s $3.5 billion Global Special Situations (GSS) team. The GSS team is led by co-CIOs Leander Christofides and Brad Demong. The GSS team operates as part of J.P. Morgan Global Alternatives, a $218 billion platform spanning real estate, infrastructure, transportation, hedge funds, private equity, private credit and liquid alternatives.
“We believe that GSS is well positioned to invest dynamically in market driven and bespoke private market investments globally to drive strong returns for our investors,” Brad Demong, co-CIO, Global Special Situations, J.P. Morgan Asset Management, said.
“We are delighted that so many of our existing investors continue to partner with us,” Leander Christofides, co-CIO, Global Special Situations, J.P. Morgan Asset Management, said. “We welcome our new investors and their support for our investment approach and our ability to deliver performance through the cycle.”
