JP Morgan Asset Management has held the final closing of its Lynstone Special Situations Fund II (Lynstone Fund II), with $2.4 billion in capital raised from a broad set of institutional investors comprised of pension funds, insurance companies, foundations endowments and wealth managers across the Americas, Europe, Australia and Asia.
Lynstone Fund II is investing in stressed, distressed, and event driven situations in European and North American private and public markets across the capital structure, where underlying assets are potentially discounted due to illiquidity or market disruption and where an event or catalyst has the strong potential to drive a positive total return.
Lynstone Fund II, which surpassed its $2 billion target, represents the second fund from JP Morgan Asset Management’s $3.5 billion Global Special Situations (GSS) team. The GSS team is led by Co-CIOs Leander Christofides and Brad Demong. The GSS team operates as part of JP Morgan Global Alternatives, a $218 billion platform spanning real estate, infrastructure, transportation, hedge funds, private equity, private credit, and liquid alternatives.
