J.P. Morgan to Roll Out Public-Private Interval Fund
J.P. Morgan Asset Management plans to launch a new interval fund that blends public and private credit investments, a regulatory filing shows.
If approved, the firm’s Public and Private Credit Fund would invest in loans, bonds, structured credit and asset-backed securities, as well as private credit exposures, like direct lending, secondary transactions and private credit funds, the firm disclosed Wednesday. The fund may also hold ETFs – including those sponsored by J.P. Morgan – and other publicly traded vehicles for exposure to public markets. The filing does not specify any ETFs that the interval fund will hold.
Challenging market conditions can create opportunities for asset managers, said David Goldstein, director of product at STP Investment Services.
“No matter what the state of the market, there are always going to be managers who can exploit those conditions,” Goldstein wrote in an email. “That’s why some funds can still generate positive returns in a downturn.”
Read the full article in Ignites.
