The new Class A shares will carry a 3.5% maximum upfront sales charge and a $25,000 minimum investment.
Adams Street Venture & Growth Fund will target private companies in the early and growth stage through secondaries and co-investments.
The JPMorgan Private Markets Fund targets small and mid-market opportunities through secondary and co-investment transactions.
We highlight key aspects of the newly registered tender-offer fund, which will target both LP-led and GP-led secondaries.
As of March, secondaries accounted for 48.2% of the tender offer fund's portfolio, according to EvergreenLink Data.
The newly registered tender offer fund will primarily target mid- to late-stage private tech companies through primary and secondary investments.
One of which, Hamilton Lane Private Secondary Fund, raised its investment capacity by $500 million and saw its NAV climb 1.6x QoQ to $409 million as of March.
Neuberger Private Markets Access Fund, a $2.5 billion tender offer fund targeting small- and mid-cap companies, allocated 17% of its capital to GP-led secondaries as of June.
In this Capital Connect podcast episode, Host Ben Haber discusses JPMorgan's private equity business, its expansion into the wealth channel, and evergreen fund structure choices.
We examine the capital flows, investment activity, and performance of the secondaries-focused tender offer fund, leveraging EvergreenLink Data.
