J.P. Morgan Private Capital, the venture and growth equity investment arm within J.P. Morgan Asset Management, appointed Rand Araskog and Eric Ghernati as partners focused on investing in leading growth companies.
“We’re thrilled to have Rand and Eric join the Private Capital team. Their deep investment expertise across public and private markets will help us continue to support high-growth companies at scale,” Paris Heymann, managing partner, technology investing at J.P. Morgan Private Capital, said.
Araskog has extensive experience investing in technology companies across public equities, growth equity and buyout private equity. Most recently, he was a managing director at Permira, where he helped build out a dedicated strategy, systems, and team for the firm’s $4 billion growth fund and led successful public long-only investments. Prior to Permira, he was a long/short and growth equity analyst at Coatue, responsible for investments across enterprise software, hardware and frontier technologies.
Ghernati has been with J.P. Morgan Asset Management since 2020, most recently in the U.S. equity group, where he was responsible for tech strategies across all market caps, including J.P. Morgan mid cap growth and small cap growth. He was also a co-portfolio manager for the J.P. Morgan U.S. tech leaders strategy, including its active ETF vehicle, JTEK and the U.S. equity focus fund. Ghernati has also overseen the group’s pre-IPO and private investments. Prior to J.P. Morgan, Ghernati spent six years at Lord Abbett, where he covered the technology sector for the growth, value and core strategies.
“We see substantial opportunity to continue scaling the private capital platform. Rand and Eric will enable us to develop unique strategies across the growth investing continuum as we strive to partner with the world’s most innovative companies,” Patrick McGoldrick, managing partner at J.P. Morgan Private Capital, said.
“With companies staying private longer, we are seeing an explosion of client interest in the convergence of public and private equity. Rand and Eric’s extensive experience across growth markets will be instrumental in delivering differentiated solutions to our clients,” Jed Laskowitz, global head of private markets and customized solutions at J.P. Morgan, said.
