NEW YORK, May 17, 2018 /PRNewswire/ -- J.P. Morgan Asset
Management today announced an agreement with iCapital Network
("iCapital") to provide a white label offering exclusively for
Registered Investment Advisors and their clients to access a select
group of J.P. Morgan Global Alternative strategies. As a part of
this agreement, iCapital, which has created a sophisticated
technology platform that simplifies access to alternative
investments for eligible investors, will partner with J.P. Morgan
Asset Management to provide high net worth investors with platform
access to certain J.P. Morgan Global Alternative strategies.
"As we get later in the economic cycle, identifying alternative
sources of return is an essential consideration for investors
looking to build stronger portfolios. Institutional clients have
long embraced alternatives as a strategic part of their asset
allocation, and many high-net-worth investors continue to be
under-allocated to alternatives relative to their institutional
counterparts," said Anton Pil,
Managing Partner of J.P. Morgan Global Alternatives. "Given the
current rising interest rate environment, investors are looking for
alternative sources of income that provide diversification to
broader fixed income markets, and as a result, we are starting with
several of our income-focused Alternative Investment
strategies."
"iCapital's industry-leading financial technology platform
solves a critical need and will allow us to expand access to our
alternative investment capabilities among a wider audience. We
anticipate that we will launch additional strategies over time,"
said Christopher Hayward, Managing
Partner of J.P. Morgan Global Alternatives.
"My colleagues and I are delighted that J.P. Morgan Asset
Management has partnered with iCapital to power its alternative
strategies platform," said Lawrence
Calcano, Chief Executive Officer of iCapital Network. "We
are committed to democratizing alternative investments by providing
unparalleled technology to advisors and their high-net-worth
clients that improves the experience of allocating to new exposures
and strategies."
About J.P. Morgan Global Alternatives
J.P.
Morgan Global Alternatives is the alternative investment arm of
J.P. Morgan Asset Management. With more than $130 billion in assets under management and over
800 professionals (as of March 31,
2018), we offer strategies across the alternative investment
spectrum including real estate, private equity and credit,
infrastructure, transportation, liquid alternatives, and hedge
funds. Operating from 23 offices throughout the Americas,
Europe and Asia Pacific, our independent alternative
investment engines combine specialist knowledge and singular focus
with the global reach, vast resources and powerful infrastructure
of J.P. Morgan to help meet each client's specific objectives. For
more information: www.jpmorganassetmanagement.com.
About J.P. Morgan Asset Management
J.P. Morgan Asset
Management, with assets under management of $1.7 trillion (as of March
31, 2018), is a global leader in investment management. J.P.
Morgan Asset Management's clients include institutions, retail
investors and high net worth individuals in every major market
throughout the world. J.P. Morgan Asset Management offers global
investment management in equities, fixed income, real estate, hedge
funds, private equity and liquidity. JPMorgan Chase & Co.
(NYSE: JPM), the parent company of J.P. Morgan Asset Management, is
a leading global asset management firm with assets of approximately
$2.6 trillion (as of March 31, 2018) and operations worldwide.
Information about JPMorgan Chase & Co. is available at
www.jpmorganchase.com.
About iCapital Network
iCapital Network is the
financial technology platform democratizing alternative investments
with complete tech-based solutions for investors, advisors and
asset managers. The firm's flagship platform offers high-net-worth
investors and independent wealth advisors a curated menu of private
equity and hedge funds at lower minimums with a full suite of due
diligence and administrative support in a secure digital
environment. Banks and asset managers leverage iCapital's
tech-enabled services to streamline and scale their private
investments operational infrastructure. iCapital was included in
the 2018 Forbes FinTech 50 and as of March
31, 2018, serviced more than $5.2
billion in invested capital across more than 12,000
underlying accounts.
For additional information, please visit the Company's website
at www.icapitalnetwork.com
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SOURCE J.P. Morgan Asset Management