JP Morgan Asset Management’s Private Equity Group (PEG) has closed its 12th flagship fund, PEG Global Private Equity XII (GPE XII), above its $1.25bn target at $1.44bn. The fund will make primary, secondary and co-investments in buyout and early-stage VC strategies.
The group’s prior flagship fund, PEG Global Private Equity XI, closed at $1.28bn in 2024.
JP Morgan Asset Management’s Private Equity Group is a longstanding investor with over four decades of experience, managing $36bn in assets on behalf of global institutional and private wealth clients.
The team has been an active strategic partner to a proprietary network of over 250 private equity sponsor relationships. The team offers investors various entry points to the platform, including a range of commingled strategies and customised mandates. PEG recently announced the close of its second dedicated co-investment fund, PEG Co-Investment Fund II (COIN II), above its $750m target at $1bn.
