J.P. Morgan Asset Management’s private equity group (PEG) closed its 12th flagship fund, PEG Global Private Equity XII (GPE XII). GPE XII closed above its $1.25 billion target at $1.44 billion.
“We are pleased to announce the close of PEG Global Private Equity XII, reflecting strong investor demand for our flagship small and mid-market strategy,” Ashmi Mehrotra, global co-head of J.P. Morgan Asset Management’s PEG, said. “Our team’s longstanding experience and general partner (GP) network allows us to continue to source compelling opportunities with strong growth potential across diverse sectors and geographies.”
The fund will be globally diversified across buyout and early-stage venture capital strategies through primary investments, secondaries and co-investments.
