JPEL Private Equity Limited : JPEL (formerly JP Morgan Private Equity) seeks to invest with the world’s leading private equity fund managers. JPEL Private Equity invests in private equity partnerships and direct investments in Europe, North America, and Asia. JPEL focuses on investing in concentrated private equity secondaries and secondary direct opportunities.
JPEL is in orderly wind-down
Following the retirement of JPEL’s 2017 Zero Dividend Preference Shares in October 2017 and change to the Company’s investment policy, the Manager is effecting an orderly realisation of the investments and other assets comprised in the Company’s portfolio and will seek to realise such investments and assets in order to maximise returns to US$ Equity Shareholders.
This will include the Manager exploring the private equity secondary market for the Company’s legacy fund interests within three years from June 2016 as well as holding the direct investment portfolio until maturity, unless the Manager believes that market pricing would be more favourable than realising such investments before their maturity.
The Company will not make any new investments save for follow-on investments associated with investments in existence as of June 2016 to meet capital calls with respect to its undrawn commitments to underlying investments or to preserve or protect the value of its existing investments as of June 2016.