JPMorgan Private Equity : JPEL – sale of investment

JPMorgan Private Equity has sold its interest in Parallel Private Equity LP. This fund made investments into European middle-market companies – starting in 2007 / 2008.

JPMorgan Private Equity is getting $36.1m for its stake in the fund (a price equivalent to 96.25% of Parallel’s net asset value). The deal also releases JPMorgan Private Equity from $10.6m of unfunded commitments.

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