JP Morgan Private Equity has announced that it has invested $50m in four companies since December – one third of their target for the period ended 31 December 2015. All of the investment has been funded from the proceeds of distributions from its existing portfolio.
$14m of the $50m was invested in a US based tax advisory firm, $14m in Datamars (animal identification systems), $7m in Placid Holdings (Asian branded handset distributor) and JP Morgan Private Equity was an investor, alongside Electra, in the recent secondary buyout of Innovia to the tune of $14m.