JP Morgan PE Appoints Co-Manager

JP Morgan Private Equity (JPEL) has appointed JP Morgan Asset Management (JPMAM) as its co-manager, Stock Market Wire reports. The move reflects the hiring of the legal entity which employs the London-based members of the JPEL team.

JPMAM would be replacing the firm’s existing co-manager, Bear Stearns Asset Management. JP Morgan has been hired on the same material terms as contained in the existing investment management agreement.

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