JP Morgan launches fund services group.JPMorgan Worldwide Securities Services announced the launch of JPMorgan Private Equity Fund Services. The new business unit will offer a full suite of high-quality outsourced fund administration services to private equity firms and institutional limited partners. JPMorgan Private Equity Fund Services will provide middle and back office outsourcing (1) Contracting with outside consultants, software houses or service bureaus to perform systems analysis, programming and datacenter operations. Contrast with insourcing. See netsourcing, ASP, SSP and facilities management. of fund administration services such as fund and partnership accounting, tax support and comprehensive reporting services to private equity firms and limited partners. JPMorgan also provides a wide range of complementary services to the private equity community, including transaction advisory, cash management, credit products, escrow escrow Instrument, such as a deed, money, or property, that constitutes evidence of obligations between two or more parties and is held by a third party. It is delivered by the third party only upon fulfillment of some condition. , custody, foreign exchange and derivatives derivatives In finance, contracts whose value is derived from another asset, which can include stocks, bonds, currencies, interest rates, commodities, and related indexes. Purchasers of derivatives are essentially wagering on the future performance of that asset. . "The new JPMorgan Private Equity Fund Services is a logical addition to our alternative asset service offerings and clearly demonstrates our ability to anticipate and fulfill ful·fill also ful·fil tr.v. ful·filled, ful·fill·ing, ful·fills also ful·fils 1. To bring into actuality; effect: fulfilled their promises. 2. clients' needs for innovative products and solutions," said Michael K. Clark, head of JPMorgan Worldwide Securities Services. "Private equity fundraising
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