JP Morgan Asset Management launched JPMorgan Eltifs – Multi-Alternatives Fund, marking its entry in the growing market of European long-term investment funds targeting wealthy investors, according to various media reports.
The asset management arm of JP Morgan Chase & Co. said the new fund will provide balanced exposure to private markets, leveraging its $400B alternatives platform. According to the reports, the Eltif 2.0 compliant fund is looking to invest in more than 1,000 private assets across over 15 sub-sectors, including private real assets, real estate, private credit and private equity.
The European Long-term Investment Fund 2.0 regulates investment vehicles in the European Union that provide retail and professional investors with exposure to alternative assets typically only available to large institutional investors and very wealthy individuals. JP Morgan’s is the latest fund to launch under the regulation, joining the likes of AXA Investment Managers, BlackRock and New York Life Investments fund managers Candriam and Kartesia in launching Eltif 2.0-compliant vehicles.
With more than 60 years of experience investing in alternative assets, JP Morgan has over $240B of alternative AUM. The strategy offers exposure to private equity, real estate and private infrastructure, as well as to publicly traded income and equity funds, according to the asset manager's website.
