The expansion will be headed by Varun Bery and John Troy, co-founders of TVG Capital Partners. Mr Bery and Mr Troy will join JPMorgan as managing directors where they will lead a team with a broad investment mandate, including consumer, retail, industrial, healthcare, TMT and natural resources industries, focused on non-controlling investments.
According to JPMorgan Asia Pacific, private equity investments will give it the opportunity to strengthen its relationship with existing corporate and financial sponsor clients by offering the ability to co-invest with them and provide growth capital.
Gaby Abdelnour, the chairman and CEO of JPMorgan Asia Pacific said the expansion would strengthen the firm’s ability to capture investment opportunities in the region and build on existing client relationships.
Mr Abdelnour added: This investment is part of our intensified growth strategy in Asia Pacific. It offers JPMorgan huge potential in the private equity market by allowing us to rapidly accelerate expansion and seize growth opportunities.
