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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 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, custody, foreign exchange and derivatives.

"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 clients' needs for innovative products and solutions," said Michael K. Clark, head of JPMorgan Worldwide Securities Services.

"Private equity fundraising is booming and private equity CFOs want to hire one firm that they trust to handle all of their accounting and operations requirements," said Robert Caporale, head of the new JPMorgan Private Equity Fund Services.
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Title Annotation:FINANCE
Publication:Real Estate Weekly
Date:Nov 30, 2005
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