J.P. Morgan Asset Management launches first Eltif for private market exposure

J.P. Morgan Asset Management (JPMAM) introduced its first European Long-Term Investment Fund (Eltif). The fund provides investors with globally diversified access to private markets through a single, actively managed fund.

Eltifs, regulated under the EU framework, are designed to direct long-term capital into sectors such as infrastructure, private equity, real estate, and SME financing. JPMAM’s new fund, JPMorgan Eltifs – Multi-Alternatives Fund, leverages the firm’s $400bn Global Alternatives platform. It offers exposure to over 1,000 private assets across multiple investment strategies.

The fund combines private real assets, real estate, private credit, and private equity, covering more than 15 sub-sectors. By diversifying across alternative asset classes, JPMAM aims to reduce risk. At the same time, it actively reallocates capital to optimize opportunities and maintain resilience across market cycles.

Designed as an evergreen fund, the Eltif is intended for long-term investors seeking diversified exposure beyond traditional markets. It features a 1.19% total expense ratio for its C share class and a 12.5% performance fee, subject to a 7% hurdle rate.

Christoph Bergweiler, head of continental Europe funds at JPMAM, highlighted the growing interest in alternative investments. He stated that many investors want to allocate to alternatives but lack a clear starting point, and this fund provides a well-diversified solution by leveraging JPMAM’s expertise across various asset classes.

Brandon Robinson, deputy global head of private markets at JPMAM, emphasized the importance of diversification within alternatives. He noted that moving beyond the traditional 60/40 equity-bond portfolio is increasingly valuable, and this fund offers retail investors access to a multi-alternatives portfolio that allows for ongoing allocations and redemptions.

With this launch, JPMAM expands its presence in private markets, addressing the increasing demand for broader and more resilient alternative investment opportunities.

Source: Funds Europe

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