Colonial First State partners with JP Morgan Asset Management for private equity debut
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The news: Colonial First State (CFS) has partnered with global asset manager JP Morgan Asset Management (JPMAM) to make its debut private equity allocation as it continues its expansion into unlisted asset classes.
The context: CFS and JPMAM said they have worked together to design a multi-year deployment program to capitalise on opportunities in the current market environment.
This includes investing in secondaries and co-investments, with a focus on small- and mid-market buyout transactions that offer attractive risk and return characteristics.
What they said: “Our decision to appoint JP Morgan Asset Management for Colonial First State’s inaugural private equity allocation reflects their proven expertise and performance in the asset class, as well as their strong alignment with our client-centric investment philosophy,” said Jonathan Armitage, chief investment officer at Colonial First State.
“We were particularly impressed by the depth of their private equity team, their commitment to delivering tailored solutions, and their ability to access and leverage the broader capabilities and relationships across the JP Morgan organisation.”
Andrew Creber, JPMAM's Australia and New Zealand CEO, commented: “We are delighted to grow our partnership with CFS, which spans both public and private markets."
“Private equity plays a critical role in diversifying portfolios because it has the potential to enhance returns and reduce risk, but selecting the right partner with the experience and network to source transactions that exhibit attractive risk and return characteristics is critical," he said.
The source: Colonial First State media release
