JPMorgan Global Core Real Assets gets £35.5m capital call – The recently launched JPMorgan Global Core Real Assets (JARA) has announced that one of its underlying real estate strategies has called the capital committed by the company with a funding date no later than Friday 8th November 2019. The company says that the capital called equates to $35.5m and represents 19.5% of the initial proceeds and is in line with the indicative asset allocation detailed in the prospectus.
Along with the global liquid real asset strategy this will mean that close to 40%. of the company’s initial proceeds are now invested. JARA says that it remains on track to have 80% of its proceeds invested within 6 months, with all net initial proceeds invested within 12 months.
JARA will initially seek exposure to core real assets through various real asset strategies, namely; Global Infrastructure, Global Real Estate, Global Transport and Global Liquid Real Assets. J.P. Morgan’s Alternative Solutions Group will have the primary responsibility for managing the company’s portfolio.
Click here to read an article we published in July that takes a look at JARA’s strategy.
About JARA
JARA will seek to provide a stable income and capital appreciation from exposure to a globally diversified portfolio of core real assets. JPMorgan Asset Management defines real assets as “core” if their cash flows are stable and forecastable for long time periods of typically 5 years or more with a low margin of error. Initial investment areas include real estate, transport assets, infrastructure assets and cash/near cash.
The trust will invest in private funds or managed accounts managed or advised by entities within J.P. Morgan Asset Management.
JARA: JPMorgan Global Core Real Assets gets £35.5m capital call