– J.P. Morgan Asset Management’s Private Equity Group (PEG) announced the closing of its 12th flagship fund, PEG Global Private Equity XII (GPE XII)
– GPE XII closed at $1.44 billion, exceeding its $1.25 billion target
– Strong investor demand reflected confidence in PEG’s flagship small and mid-market strategy
– Ashmi Mehrotra, Global Co-Head of PEG, highlighted the team’s experience and global GP network
– Fund strategy includes global diversification across buyout and early-stage venture capital
– Investments to be made through primaries, secondaries, and co-investments
Prior flagship fund, PEG Global Private Equity XI, closed at $1.28 billion in 2024
– PEG has over 40 years of private equity investment experience
– The group manages $36 billion in assets for institutional and private wealth clients globally
– Maintains a proprietary network of more than 250 private equity sponsor relationships
– Strong co-investment sourcing platform built through long-term GP partnerships
– Offers investors access via commingled funds and customized mandates
– Recently closed PEG Co-Investment Fund II (COIN II) at $1 billion, above its $750 million target
