J.P. Morgan Growth Equity Partners closes inaugural growth fund

J.P. Morgan Growth Equity Partners announced the final close of its inaugural Growth Equity Fund, with over $1 billion in aggregate capital commitments raised from a broad set of institutions, family offices and individual investors across the Americas, Europe and Asia as well as J.P. Morgan.

Growth Equity Partners leverages J.P. Morgan’s global franchise to invest in companies ranging from Series B to pre-IPO stage across software, fintech, real estate and consumer technology sectors. The Fund has more than 80% of its capital commitments available to deploy in new investment opportunities and to help existing portfolio companies scale.

“We are pleased to have raised in excess of $1 billion for our inaugural fund, particularly in a challenging market environment where only two venture funds over $1 billion were raised last quarter. J.P. Morgan Growth Equity Partners is well positioned to take advantage of the attractive investment opportunities in the current environment. The team remains committed to identifying the next generation of category defining companies. Our goal is simple. We seek to partner with exceptional founders and bring the firm’s resources behind us to help build enduring companies.” – Christopher Dawe, managing partner of the Fund.

Since launching the Fund, GEP has invested in Plaid, Airtable, Codat and Thoropass (previously Laika), where the team has taken a hands-on approach and utilized JPMorgan Chase’s insights, data capabilities and global network.