J.P. Morgan Asset Management's Private Equity Group Closes Global Private Equity Fund XII Above Target at $1.4 Billion

Rhea-AI Summary

J.P. Morgan Asset Management (NYSE:JPM) announced that its Private Equity Group closed PEG Global Private Equity XII above target at $1.44 billion on Dec. 16, 2025, exceeding a $1.25 billion goal. The fund targets small and mid-market buyouts and early-stage venture via primary investments, secondaries, and co-investments.

The group cited its 40+ years of experience, a 250+ private equity sponsor network and $36 billion in private equity assets under management. The firm also recently closed PEG Co-Investment Fund II at $1.0 billion versus a $750 million target.

Positive

• GPE XII closed at $1.44B, 15.2% above $1.25B target
• PEG Co-Investment Fund II closed at $1.0B, above $750M target
• PEG reports $36B private equity AUM and 250+ sponsor relationships
• Strategy covers buyouts, early-stage VC, secondaries, and co-investments

Negative

• None.

Key Figures

GPE XII target $1.25 billion Target size for PEG Global Private Equity XII

GPE XII final close $1.44 billion Final close for PEG Global Private Equity XII, above target

Prior fund XI size $1.28 billion PEG Global Private Equity XI final close in 2024

PEG AUM $36 billion Assets managed by J.P. Morgan Asset Management’s Private Equity Group

Sponsor relationships 250+ Proprietary private equity sponsor relationships cited for co-investment sourcing

COIN II target $750 million Target for PEG Co-Investment Fund II

COIN II final close $1 billion Final close for PEG Co-Investment Fund II, above target

JPM Asset Management AUM $4 trillion Assets under management as of September 30, 2025

Market Reality Check

$315.55 Last Close

Volume Volume 10,480,321 is 12% above the 20-day average of 9,334,581. normal

Technical Trading above 200-day MA of 281.04 and 0.89% below the 52-week high.

Peers on Argus

JPM is up 0.47% while peers are mixed (e.g., BAC -0.14%, WFC -0.73%, RY +0.83%, C +0.31%), suggesting a stock-specific tilt rather than a broad bank move.

Historical Context

Date	Event	Sentiment	Move	Catalyst
Dec 11	Blockchain issuance	Positive	+2.3%	Landmark U.S. commercial paper issuance on Solana blockchain using USDC.
Dec 11	ETF launch	Positive	+2.3%	Launch of JPMorgan 100% U.S. Treasury Securities Money Market ETF.
Dec 09	Dividend declaration	Positive	+3.2%	Announcement of a quarterly dividend on common stock.
Dec 09	Alternatives outlook	Positive	-4.7%	Publication of 2026 Global Alternatives Outlook across private markets.
Dec 08	Strategic initiative	Positive	+0.1%	Creation of $10B Strategic Investment Group within $1.5T SRI program.

Pattern Detected

Recent JPM headlines often saw positive price reactions, with one notable divergence on a broad AI/alternatives outlook.

Recent Company History

Over the last week, JPM released several strategic and product-focused updates, including a blockchain-based commercial paper issuance on Dec 11, 2025, a new U.S. Treasury money market ETF on Dec 11, 2025, and a dividend declaration on Dec 9, 2025. It also outlined a large Security and Resiliency Initiative and a 2026 Global Alternatives Outlook. Those events produced mostly positive 24-hour moves, with only the alternatives outlook seeing a -4.66% reaction, framing today’s private equity fund-close news against a backdrop of active capital and product development.

Market Pulse Summary

This announcement highlights J.P. Morgan Asset Management’s ability to raise private equity capital, closing PEG Global Private Equity XII at $1.44 billion versus a $1.25 billion target and building on a prior $1.28 billion fund. With PEG managing $36 billion and the firm overseeing $4 trillion in AUM, investors may focus on how these vehicles scale, the pace of deployments, and performance across buyout and venture strategies.

Key Terms

general partner financial

"Our team's longstanding experience and general partner ("GP") network allows us"

A general partner is the person or firm that runs an investment partnership and legally represents it — they make the day-to-day decisions, choose which assets to buy or sell, and are responsible for the partnership’s obligations. Investors care because the general partner’s judgment, risk-taking and fee and profit-sharing arrangements determine both the potential returns and the level of exposure to losses; think of the GP as the ship’s captain whose skill and honesty shape the voyage’s outcome.

co-investments financial

"through primary investments, secondaries, and co-investments."

Co-investments are situations where one or more investors put money directly into a specific deal alongside a lead investor, rather than only investing in a pooled fund. Think of it like joining a friend to buy a single rental property instead of contributing to a real estate club; co-investing can give investors bigger exposure to a particular opportunity, lower overall fees, and more control, but also concentrates risk in that single investment.

assets under management financial

"J.P. Morgan Asset Management, with assets under management of $4 trillion"

Assets under management (AUM) is the total value of all the investments that a financial company or fund is responsible for overseeing on behalf of its clients. It’s like a big bucket that shows how much money the firm is managing for people or organizations. A higher AUM often indicates a larger, more trusted company, and it can influence how much money they earn and the services they can offer.

AI-generated analysis. Not financial advice.

The fund will focus on the small and mid-market, granting investors access to top-tier GPs

NEW YORK, Dec. 16, 2025 /PRNewswire/ -- J.P. Morgan Asset Management's Private Equity Group ("PEG") today announced the closing of its 12^th flagship fund, PEG Global Private Equity XII ("GPE XII"). GPE XII closed above its $1.25 billion target at $1.44 billion.

"We are pleased to announce the close of PEG Global Private Equity XII, reflecting strong investor demand for our flagship small and mid-market strategy," said Ashmi Mehrotra, Global Co-Head of J.P. Morgan Asset Management's Private Equity Group. "Our team's longstanding experience and general partner ("GP") network allows us to continue to source compelling opportunities with strong growth potential across diverse sectors and geographies."

The fund will be globally diversified across buyout and early-stage venture capital strategies through primary investments, secondaries, and co-investments. The Group's prior flagship fund, PEG Global Private Equity XI, closed at $1.28 billion in 2024.

J.P. Morgan Asset Management's Private Equity Group is a longstanding investor with over four decades of experience, managing $36 billion in assets on behalf of global institutional and private wealth clients. The team has been an active strategic partner to a proprietary network of 250+ private equity sponsor relationships, creating a robust co-investment sourcing engine. The team offers investors various entry points to the platform, including a range of commingled strategies and customized mandates. PEG recently announced the close of its second dedicated co-investment fund, PEG Co-Investment Fund II ("COIN II"), above its $750 million target at $1 billion.

About J.P. Morgan Asset Management
J.P. Morgan Asset Management, with assets under management of $4 trillion as of September 30, 2025, is a global leader in investment management. J.P. Morgan Asset Management's clients include institutions, retail investors and high net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity. For more information: www.jpmorganassetmanagement.com.

JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America ("U.S."), with operations worldwide. JPMorgan Chase had $4.6 trillion in assets and $360 billion in stockholders' equity as of September 30, 2025. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world's most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com. 

 

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SOURCE J.P. Morgan Asset Management

FAQ

How much did J.P. Morgan Asset Management's PEG Global Private Equity XII raise?

GPE XII closed at $1.44 billion, above its $1.25 billion target.

What investment strategies will PEG Global Private Equity XII use?

The fund will pursue small and mid-market buyouts, early-stage venture, secondaries and co-investments globally.

How does GPE XII compare to PEG's prior flagship fund (2024) and co-investment fund?

PEG Global Private Equity XI closed at $1.28 billion in 2024; PEG Co-Investment Fund II closed at $1.0 billion versus a $750M target.

What scale and relationships support PEG's deal sourcing for GPE XII?

PEG cites over $36 billion in private equity assets under management and a network of 250+ sponsor relationships.

When was the close of GPE XII announced for JPM (JPM)?

The close was announced on December 16, 2025.