Skip to content
Subscriber Only

JPMorgan Hires From Goldman, Wells for New Growth-Equity Effort

  • JPMorgan Private Capital will also feature direct lending
  • Goal is to allow clients to invest in pre-IPO companies

JPMorgan Chase & Co. hired executives from Goldman Sachs Group Inc. and Wells Fargo & Co. to run a new arm focused on growth-equity investing and direct lending, as it seeks to give clients exposure to companies before they go public.

“We’re very excited about the opportunity to deliver capital and advice to innovative companies,” Brian Carlin, chief executive officer of JPMorgan Private Capital, said in an interview. “We have access to meaningful data from consumer banking, commercial real estate and other operations that portfolio companies can benefit from.”