J.P. Morgan gets Middle East PE fund mandate
26 November 2011 London
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J.P. Morgan Worldwide Securities Services (WSS) has announced its appointment by Gulf Capital Equity Fund Associates to provide private equity (PE) fund administration services for a late stage fund.
The GC Equity Partners Fund II was the first regional PE fund to derive the majority of its investors from international markets including the US, Europe and Asia. Investors in the fund include some of the largest and best known global and regional sovereign wealth funds, pension funds, endowments, banks and insurance companies.
Timothy Peters, general manager of J.P. Morgan’s Abu Dhabi Office and head of WSS MENA said, “The challenges around private equity administration are set to increase in complexity driven by new regulation facing the industry. J.P. Morgan is uniquely positioned to help investors meet these complexities and focus on maximising returns for investors.”
The GC Equity Partners Fund II was the first regional PE fund to derive the majority of its investors from international markets including the US, Europe and Asia. Investors in the fund include some of the largest and best known global and regional sovereign wealth funds, pension funds, endowments, banks and insurance companies.
Timothy Peters, general manager of J.P. Morgan’s Abu Dhabi Office and head of WSS MENA said, “The challenges around private equity administration are set to increase in complexity driven by new regulation facing the industry. J.P. Morgan is uniquely positioned to help investors meet these complexities and focus on maximising returns for investors.”
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