This Week’s Biggest News in the Private Equity Markets – Week 23

At Private Equity Insights we have gathered this week’s biggest news in the private equity and venture capital markets.

1. J.P. Morgan Asset Management Launches Growth Equity Platform

J.P. Morgan Asset Management today announced the launch of J.P. Morgan Private Capital, which includes a new growth equity investment arm and an existing private debt business, committed to providing customized solutions for early and growth stage companies across the capital structure. 

J.P. Morgan Private Capital will be led by Brian Carlin, previously CEO of Wealth Management Solutions at J.P. Morgan, with Rick Smith, former Head of Private Investments at JPMorgan Chase, serving as Chairman of the group, and Meg McClellan, serving as the Head of Private Debt.

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2. CVC Capital Partners is in talks to merge ATP and WTA tours in a $600m deal

The former owner of Formula One motor racing is in talks about a $600m deal that could transform the face of global tennis by combining the organisers of the men’s and women’s tours under a single commercial entity.

Sky News has learnt that CVC Capital Partners is in detailed negotiations about an investment in the merged professional tours.

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3. BlackRock takes over £21.5bn British Airways pension pot

British Airways has appointed BlackRock to manage £21.5bn of its pension schemes’ assets, covering two of the UK’s largest defined benefit schemes.

BlackRock will manage assets within the Airways Pension Scheme and the New Airways Pension Scheme, which serve more than 85,000 members.

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