QIA and J.P. Morgan Asset Management Announce $20 Bln Strategic Partnership
JPM•QIA and J.P. Morgan Asset Management announce $20 billion strategic partnership
Sept. 21 (Reuters) - JPMorgan Chase & Co. (JPM.N):
- QIA and J.P. Morgan Asset Management announce a $20 billion strategic partnership.
- JPMorgan said QIA and J.P. Morgan Asset Management signed a $20 billion strategic partnership MOU.
- The partnership includes a $15 billion public equities mandate and a $5 billion private markets initiative.
- JPMorgan said JPMAM will manage customized global equity portfolios for QIA.
- QIA and JPMAM will provide senior financing to U.S. middle-market companies.
- The partnership leverages capabilities across public and private markets in both equities and credit.
