Key Takeaways
- • J.P. Morgan Asset Management's Private Equity Group (PEG) closed its second dedicated co-investment fund, PEG Co-Investment Fund II (COIN II), at $1 billion, above its $750 million target.
- • The $1 billion total includes commitments from the PEG team itself.
- • The fund will focus on the group's long-standing small- and middle-market buyout strategy and will be diversified across sector, region, and value creation strategy.
- • PEG Co-Investment Fund I raised $667 million in 2021 and is now fully committed across a diverse portfolio.
- • PEG manages $36 billion in assets and draws on a network of 250+ private equity sponsor relationships for co-investment sourcing.
Summary
J.P. Morgan Asset Management's Private Equity Group ("PEG") announced the closing of PEG Co-Investment Fund II ("COIN II"), its second dedicated co-investment vehicle, according to a PR Newswire release issued by J.P. Morgan Asset Management. The fund closed at $1 billion, exceeding its $750 million target. The total includes commitments from the PEG team.
Stephen Catherwood, Co-Head of J.P. Morgan Asset Management's Private Equity Group, described the strategy as "a focused strategy that is well positioned for the current market environment and opportunity set." He said the team will use its experience and general partner ("GP") network to identify private companies in the small and middle market with strong growth potential.
The fund will be diversified across sector, region, and value creation strategy. It follows PEG Co-Investment Fund I, which the group launched in 2021 with $667 million in commitments. That fund is now fully committed across a diverse portfolio of companies.
PEG, which has more than four decades of investing experience, manages $36 billion on behalf of global institutional and private wealth clients. The group cites a proprietary network of more than 250 private equity sponsor relationships as the foundation of its co-investment sourcing engine. Investors can access the platform through commingled strategies and customized mandates.
J.P. Morgan Asset Management reported $4 trillion in assets under management as of September 30, 2025, and is part of JPMorgan Chase & Co., which had $4.6 trillion in assets at the same date.
Stephen Catherwood, Co-Head of J.P. Morgan Asset Management's Private Equity Group, described the strategy as "a focused strategy that is well positioned for the current market environment and opportunity set." He said the team will use its experience and general partner ("GP") network to identify private companies in the small and middle market with strong growth potential.
The fund will be diversified across sector, region, and value creation strategy. It follows PEG Co-Investment Fund I, which the group launched in 2021 with $667 million in commitments. That fund is now fully committed across a diverse portfolio of companies.
PEG, which has more than four decades of investing experience, manages $36 billion on behalf of global institutional and private wealth clients. The group cites a proprietary network of more than 250 private equity sponsor relationships as the foundation of its co-investment sourcing engine. Investors can access the platform through commingled strategies and customized mandates.
J.P. Morgan Asset Management reported $4 trillion in assets under management as of September 30, 2025, and is part of JPMorgan Chase & Co., which had $4.6 trillion in assets at the same date.
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