Tags: jpmorgan | 10 billion | alternative | investments

JPMorgan Plans to Raise $10B for Alternative Investments

JPMorgan Plans to Raise $10B for Alternative Investments
(Dreamstime.com)
 

Monday, 30 March 2020 03:20 PM EDT

JPMorgan Chase & Co's alternative investments unit is seeking to raise up to $10 billion to boost its spending power in the face of the coronavirus pandemic, Bloomberg News reported on Monday.

The bank plans to raise $5 billion to $10 billion "in the next couple of months" from clients including pension funds, sovereign-wealth funds, family offices and private banks, Anton Pil, the global head of alternatives for the bank's asset-management arm, told Bloomberg in an interview.

The biggest U.S. bank by assets already has about $10 billion of client capital that it plans to use on opportunities created by the market disruption, Bloomberg said.

That amount has roughly $3 billion earmarked for credit, $3 billion for real estate and $4 billion across transportation and infrastructure, the report added.

JPMorgan did not immediately respond to a request for comment. 

© 2026 Thomson/Reuters. All rights reserved.


StreetTalk
JPMorgan Chase & Co's alternative investments unit is seeking to raise up to $10 billion to boost its spending power in the face of the coronavirus pandemic, Bloomberg News reported on Monday.The bank plans to raise $5 billion to $10 billion "in the next couple of months"...
jpmorgan, 10 billion, alternative, investments
139
2020-20-30
Monday, 30 March 2020 03:20 PM
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