JP Morgan Asset Management raises $905m

The New York-based firm has raised capital for its ninth flagship Private Equity fund.

Fund name: PEG Global Private Equity IX
Amount raised: $905 million
Predecessor fund: PEG Global Private Equity VIII ($1.23 billion)

JP Morgan Asset Management has raised $905 million for PEG Global Private Equity IX, according to recent US Securities and Exchange Commission filings. It is unclear whether this was a final or interim close. Since its launch, the fund has attracted commitments from 46 institutional investors.