Key Takeaways
- • J.P. Morgan Asset Management announced that its JPMorgan Private Markets Fund (JPMF) has been added to the Schwab Alternative Investment OneSource platform, giving Schwab-served advisors and investors a new route to non-listed private markets exposure.
- • The platform offers access to a diversified set of non-listed alternative investments with streamlined execution, consolidated reporting, and no annual custody fee.
- • JPMF is the second offering added to the platform, following the JPMorgan Real Estate Income Trust (JPMREIT), which was added in 2024.
- • JPMF provides exposure to small and mid-market companies through co-investments and secondaries, exposure the firm says is typically reserved for institutional investors.
- • J.P. Morgan Asset Management reported $3.6 trillion in assets under management as of 12/31/2024.
Summary
J.P. Morgan Asset Management has announced that its JPMorgan Private Markets Fund has been added to the Schwab Alternative Investment OneSource platform, according to a PR Newswire release dated April 1, 2025. The Schwab platform provides investors with access to a diversified portfolio of non-listed alternative investments issued by well-known asset managers, and it offers streamlined execution and consolidated reporting with no annual custody fee.
Shawn Khazzam, Head of Private Wealth Alternatives for J.P. Morgan Asset Management, said investors are increasingly seeking access to private markets to find new sources of returns. He said JPMF gives investors entry to a diverse portfolio of small and mid-market companies through co-investments and secondaries, exposure that would typically be reserved for institutional investors. The release describes the fund as employing adaptive investment strategies focused on resilience and growth, with a well-diversified portfolio spanning sectors, geographies and asset classes. The fund is managed by a team with a 40-plus-year track record in private markets.
The addition marks the second offering on the Schwab Alternative Investment OneSource platform. JPMorgan Real Estate Income Trust (JPMREIT) was added in 2024. The release notes that JPMorgan Private Markets Fund is distributed by J.P. Morgan Institutional Investments Inc., an affiliate of JPMorgan Chase & Co., which receives fees for services provided to the funds. Charles Schwab & Co., Inc. receives remuneration from fund companies on the platform for recordkeeping, shareholder services and administrative services. Schwab states that it does not advise investors or their advisors on investments in platform funds, and that suitability is the responsibility of each investment advisor. The release also cautions that alternative investments are risky and that clients may lose their entire investment.
J.P. Morgan Asset Management reported $3.6 trillion in assets under management as of 12/31/2024. Its parent, JPMorgan Chase & Co. (NYSE: JPM), reported $4.2 trillion in assets and $346 billion in stockholders' equity as of the same date.
Shawn Khazzam, Head of Private Wealth Alternatives for J.P. Morgan Asset Management, said investors are increasingly seeking access to private markets to find new sources of returns. He said JPMF gives investors entry to a diverse portfolio of small and mid-market companies through co-investments and secondaries, exposure that would typically be reserved for institutional investors. The release describes the fund as employing adaptive investment strategies focused on resilience and growth, with a well-diversified portfolio spanning sectors, geographies and asset classes. The fund is managed by a team with a 40-plus-year track record in private markets.
The addition marks the second offering on the Schwab Alternative Investment OneSource platform. JPMorgan Real Estate Income Trust (JPMREIT) was added in 2024. The release notes that JPMorgan Private Markets Fund is distributed by J.P. Morgan Institutional Investments Inc., an affiliate of JPMorgan Chase & Co., which receives fees for services provided to the funds. Charles Schwab & Co., Inc. receives remuneration from fund companies on the platform for recordkeeping, shareholder services and administrative services. Schwab states that it does not advise investors or their advisors on investments in platform funds, and that suitability is the responsibility of each investment advisor. The release also cautions that alternative investments are risky and that clients may lose their entire investment.
J.P. Morgan Asset Management reported $3.6 trillion in assets under management as of 12/31/2024. Its parent, JPMorgan Chase & Co. (NYSE: JPM), reported $4.2 trillion in assets and $346 billion in stockholders' equity as of the same date.
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