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Here Are the 16 Power Players of Alternative-Investments Distribution

Here Are the 16 Power Players of Alternative-Investments Distribution
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J P Morgan To Fund Diverse Alternative Investment Managers

Traders Magazine J.P. Morgan Asset Management announced the launch of  Project Spark, a new initiative aimed at providing capital to funds managed by diverse, emerging alternative managers, including minority-led and women-led venture capital funds and other private funds. As part of the new initiative, the firm has committed to an initial $25 million investment in five or more funds, to be governed by a newly established investment committee comprised of diverse senior executives across J.P. Morgan Asset Management. Recent data suggests that just 9% of firms in the private equity industry are women or minority led, while just 3% of U.S. focused private equity assets are managed by minority-owned firms.

J P Morgan Launches Project Spark to support diverse emerging alternative investment managers

Share this article NEW YORK, March 8, 2021 /PRNewswire/ J.P. Morgan Asset Management today announced the launch of Project Spark, a new initiative aimed at providing capital to funds managed by diverse, emerging alternative managers, including minority-led and women-led venture capital funds and other private funds. As part of the new initiative, the firm has committed to an initial $25 million investment in five or more funds, to be governed by a newly established investment committee comprised of diverse senior executives across J.P. Morgan Asset Management. Recent data 1 suggests that just 9% of firms in the private equity industry are women or minority led, while just 3% of U.S. focused private equity assets are managed by minority-owned firms.

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