CFS has allocated its first mandate in private equity to J.P. Morgan AM for a multi-year deployment program
Colonial First State (CFS) has partnered with global asset manager, J.P. Morgan Asset Management (JPMAM) to make its debut private equity allocation as it continues its expansion into unlisted asset classes.
CFS and JPMAM worked together to design a multi-year deployment program to capitalise on opportunities in the current market environment, by investing in secondaries and co-investments, with a focus on small and mid-market buyout transactions that offer attractive risk and return characteristics.
We were particularly impressed by the depth of their private equity team, their commitment to delivering tailored solutions, and their ability to access and leverage the broader capabilities and relationships across the J.P. Morgan organisation
“Our decision to appoint J.P. Morgan Asset Management for Colonial First State’s inaugural private equity allocation reflects their proven expertise and performance in the asset class, as well as their strong alignment with our client-centric investment philosophy,” Jonathan Armitage, Chief Investment Officer at CFS, says.
“We were particularly impressed by the depth of their private equity team, their commitment to delivering tailored solutions, and their ability to access and leverage the broader capabilities and relationships across the J.P. Morgan organisation,” he said.
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