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.
Click here for the story from Stock Market Wire.