J.P. Morgan Is Top-Rated In Private Equity Fund Administration Survey
J.P. Morgan Private Equity Fund Services called “excellent” and “top notch”
New York - J.P. Morgan was ranked as a top provider of private equity fund administration, according to a key industry survey by Global Custodian magazine.
J.P. Morgan received best-in-class recognition across 43 service categories, securing more top ratings than any other administrator, according to the Global Custodian 2008 Private Equity Fund Administration Survey. The firm was rated “excellent” and “top notch” for the second year in a row by private equity fund managers. “J.P. Morgan has somehow managed to improve on the already astonishingly high scores of a year ago. In every service area, the averages are either excellent or as close as makes no difference,” the magazine said.
J.P. Morgan received the highest rankings for client service, fund establishment and structuring, capital drawdowns, investment execution, accounting and reporting to general and limited partners, distributions, regulatory reporting and compliance, corporate secretarial and technology.
“J.P. Morgan Private Equity Fund Services originated from J.P. Morgan Partners, a premier private equity shop. We are gratified that we have maintained a deep understanding of the client base, and have earned a reputation for exceptional service delivery,” said James Hutter, global business executive for J.P. Morgan Private Equity Fund Services. “In these uncertain times, private equity firms may want to hire a strong, global administrator, so they have more time to focus on their core business.”
J.P. Morgan was ranked particularly high for client service and relationship management with one client saying: “I feel that I can rely on the manager of [my] account to respond any time of the day, night or weekend.” “We felt very confident when selecting [J.P. Morgan] and have since developed a very solid working relationship,” another client said.
J.P. Morgan provides services to more than 200 funds managing $200 billion in alternative assets. It has offices in New York, London, Sydney, San Francisco, Chicago and Dallas. This summer, J.P. Morgan also added capabilities in Jersey, the administrative heartland of the London-based private equity industry. The global bank offers cash management and foreign exchange as well as administration.
For more information on J.P. Morgan private equity services go to www.jpmorgan.com/pefs.
About J.P. Morgan Investor Services
J.P. Morgan Investor Services is a premier securities servicing provider that helps institutional investors, alternative asset managers, broker dealers and equity issuers optimize efficiency, mitigate risk and enhance revenue. A division of JPMorgan Chase Bank, N.A. (NYSE: JPM), Investor Services leverages the firm’s unparalleled scale, leading technology and deep industry expertise to service investments around the world. It has $14.4 trillion in assets under custody and $5.4 trillion in assets under administration. For more information, go towww.jpmorgan.com/visit/is.
About JPMorgan Chase & Co.
JPMorgan Chase & Co. (NYSE: JPM), is a leading global financial services firm with assets of $2.3 trillion and operations in more than 60 countries. The firm is a leader in investment banking, financial services for consumers, small business and commercial banking, financial transaction processing, asset management, and private equity. A component of the Dow Jones Industrial Average, JPMorgan Chase & Co. serves millions of consumers in the United States and many of the world’s most prominent corporate, institutional and government clients under its J.P. Morgan, Chase, and Washington Mutual brands. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.
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