Summary regarding JP Morgan Secondary Private Equity Investors Fund, including timing, strategy, operation, and outlook. The fund aims to acquire seasoned limited partnership interests in existing private equity funds from distressed sellers. Managed by Larry Unrein, the fund has a 3-year investment period and a 10-year liquidation period. Investors pay a 1% management fee and a 10% performance fee. JPM commits $100 million and expects a 25% IRR based on conservative assumptions.
documents/EFTA00727541.pdf
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