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- JPMorgan Private Equity : JPEL – sale of investment
JPMorgan Private Equity has sold its interest in Parallel Private Equity LP. This fund made investments into European middle-market companies – starting in 2007 / 2008.
JPMorgan Private Equity is getting $36.1m for its stake in the fund (a price equivalent to 96.25% of Parallel’s net asset value). The deal also releases JPMorgan Private Equity from $10.6m of unfunded commitments.
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