JPMorgan Chase Announces One Equity Partners to Raise Future Funds
NEW YORK -- June 14, 2013
JPMorgan Chase (NYSE: JPM) announced today that the partners of One Equity
Partners (OEP), the firm’s private equity unit, will begin to raise their next
fund from an external group of limited partners and become independent from
JPMorgan Chase. One Equity Partners currently manages approximately $4.5
billion of investments for JPMorgan Chase in direct private equity
transactions and has produced strong returns over the last twelve years.
OEP will continue to make direct investments for JPMorgan Chase for an interim
period. OEP will still manage the existing group of portfolio companies for
JPMorgan Chase to maximize value for the firm.
“I have worked with the team at OEP for the past 12 years and have a lot of
respect for all that they have accomplished and the great value they have
delivered to the firm,” said Jamie Dimon, Chairman and CEO of JPMorgan Chase.
“Going forward, I am confident they will continue to be extremely successful.”
“The One Equity team has produced strong returns over the years and we have
been extremely pleased with their results,” said Matt Zames, Chief Operating
Officer of JPMorgan Chase. “They have helped grow some great companies. The
time is right for them to seek new capital to strengthen their global
strategy, as they continue to manage our existing portfolio to maximize value
to the firm,” Mr. Zames added.
About JPMorgan Chase
JPMorgan Chase & Co. (NYSE: JPM) is a leading global financial services firm
with assets of $2.4 trillion and operations in more than 60 countries. The
firm is a leader in investment banking, financial services for consumers,
small business and commercial banking, financial transaction processing, asset
management and private equity. A component of the Dow Jones Industrial
Average, JPMorgan Chase & Co. serves millions of consumers in the United
States and many of the world’s most prominent corporate, institutional and
government clients under its J.P. Morgan and Chase brands. Information about
JPMorgan Chase & Co. is available at www.jpmorganchase.com.
About One Equity Partners
One Equity Partners partners with management teams and makes investments to
help businesses grow, often through combinations. OEP acts as a lead investor
both as majority and minority owner in acquisitions and growth capital
financing. OEP investments typically range from $50 million to $250 million
per transaction. With investments in North America, Europe, Asia, and South
America, OEP is a leader in global strategic investing. More information about
OEP is available at www.oneequity.com.
JPMorgan Chase & Co.
Kristin Lemkau, 212-270-7454
Jennifer Zuccarelli, 212-270-7433
Press spacebar to pause and continue. Press esc to stop.