J.P. Morgan Growth Equity Partners (GEP) has closed its inaugural Growth Equity Fund, with over $1bn in aggregate capital commitments to invest in growth stage companies across software, FinTech, real estate and consumer technology.
J.P. Morgan Growth Equity Partners is the technology focused late-stage venture and growth equity investment arm within J.P Morgan Private Capital.
The commitments were raised from a broad set of institutions, family offices and individual investors across the Americas, Europe and Asia as well as J.P. Morgan.
Growth Equity Partners leverages J.P. Morgan’s global franchise to invest in companies ranging from Series B to pre-IPO stage across software, FinTech, real estate and consumer technology sectors. The Fund has more than 80% of its capital commitments available to deploy in new investment opportunities and to help existing portfolio companies scale.
Since launching the Fund, GEP has invested in Plaid, Airtable, Codat and Thoropass (previously Laika), where the team has taken a hands-on approach and utilized JPMorgan Chase’s insights, data capabilities and global network.
Christopher Dawe, managing partner of the Fund, said “We are pleased to have raised in excess of $1 billion for our inaugural fund, particularly in a challenging market environment where only two venture funds over $1 billion were raised last quarter. J.P. Morgan Growth Equity Partners is well positioned to take advantage of the attractive investment opportunities in the current environment.”
He added, “The team remains committed to identifying the next generation of category defining companies. Our goal is simple. We seek to partner with exceptional founders and bring the firm’s resources behind us to help build enduring companies.”
Earlier this year, JP Morgan entered into a definitive agreement to acquire Aumni, a provider of investment analytics software to the venture capital space.
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