J.P. MORGAN ASSET MANAGEMENT INTRODUCES NEW PRIVATE MARKETS FUND TO CANADA

Partnership with iCapital provides expanded access to private markets offerings to Canadian accredited investors

TORONTO, Nov. 12, 2024 /CNW/ - J.P. Morgan Asset Management (JPMAM)*, a leading global asset manager with US$240 billion¹ in alternative assets under management ("AUM") globally, announced today that it is introducing access to the J.P. Morgan Private Markets Strategy ("Strategy") for Canadian accredited investors through a partnership with iCapital Network Canada Ltd. ("iCapital Canada", together with its affiliates, "iCapital"). This offering is the first J.P. Morgan strategy available to Canadian advisors in the market. It will allow Canadian accredited investors to gain access to the Strategy through the iCapital PEG Evergreen Private Equity CAD Fund. The iCapital - PEG Evergreen Private Equity CAD Fund (the "Fund"), which invests in JPMorgan Private Markets Fund ("JPMF"), a non-diversified, closed-end investment management company registered under the U.S. Investment Company Act of 1940, and will be managed by iCapital Canada, a Canadian investment manager and an affiliate of the iCapital group of companies ("iCapital"), the global fintech platform driving access to alternative investments for the wealth management industry.