Overview
JPEL Private Equity Limited : JPEL (formerly JP Morgan Private Equity) seeks to invest with the world’s leading private equity fund managers. JPEL Private Equity invests in private equity partnerships and direct investments in Europe, North America, and Asia. JPEL focuses on investing in concentrated private equity secondaries and secondary direct opportunities.
JPEL is in orderly wind-down
Following the retirement of JPEL’s 2017 Zero Dividend Preference Shares in October 2017 and change to the Company’s investment policy, the Manager is effecting an orderly realisation of the investments and other assets comprised in the Company’s portfolio and will seek to realise such investments and assets in order to maximise returns to US$ Equity Shareholders.
This will include the Manager exploring the private equity secondary market for the Company’s legacy fund interests within three years from June 2016 as well as holding the direct investment portfolio until maturity, unless the Manager believes that market pricing would be more favourable than realising such investments before their maturity.
The Company will not make any new investments save for follow-on investments associated with investments in existence as of June 2016 to meet capital calls with respect to its undrawn commitments to underlying investments or to preserve or protect the value of its existing investments as of June 2016.
Visit the company’s website by clicking here
Fundamentals
Price
Research History
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05 Jul 2019 4 min read
QuotedData’s investment companies roundup – July 2019
Investment Companies Roundup New research Over June, we published notes on CQS Natural Resources Growth and Income, Standard Life Private Equity and Shires Income. You can read all these notes by clicking on the links above or by visiting www.quoteddata.com. In this issue Performance data – there was a greater appetite for risk in June as […]
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12 Oct 2018 1 min read
QuotedData’s investment companies roundup – October 2018
QuotedData’s investment companies roundup – October 2018 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of August 2018. Kindly sponsored by Baillie Gifford. Money raised and returned in September Trian Investors 1 is a new fund that will adopt […]
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18 Jul 2018 2 min read
Quarterly Investment Companies Roundup – Second Quarter 2018
QUARTERLY INVESTMENT COMPANIES ROUNDUP – SECOND QUARTER 2018 Global equities markets rose in the second quarter of 2018, Markets were volatile, as positive economic data and encouraging company performances played off against geopolitical concerns. Yields from bond markets rose early in the quarter but fell back as investors turned to ‘safer’ investments. The threat of […]
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18 Jan 2018 2 min read
QuotedData – 2017 review of the year
QuotedData – 2017 review of the year – Many commentators, including us, were wary going into 2017. In the event, economic growth and markets surprised on the upside: US markets hit new highs despite three interest rate rises. Perceived low/no growth areas such as Europe and Japan burst into life. Asia’s technology stocks surged. India’s […]
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10 Jan 2018 2 min read
QuotedData investment companies roundup – January 2018
QuotedData investment companies roundup – January 2018 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of December 2017. Kindly sponsored by Baillie Gifford. January Investment Companies Roundup Winners and losers in December Infrastructure India’s share price […]
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10 Nov 2017 2 min read
QuotedData investment companies roundup – November 2017
QuotedData investment companies roundup – November 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of October 2017. Kindly sponsored by Baillie Gifford. November Investment Companies Roundup Globalworth Real Estate’s discount was eliminated after it announced […]
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14 Jun 2017 2 min read
QuotedData investment companies roundup – June 2017
QuotedData investment companies roundup – June 2017 – is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of May 2017. Kindly sponsored by Baillie Gifford. June Investment Companies Roundup Japan was one of the best places to be […]
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10 Apr 2017 1 min read
QuotedData investment companies roundup – April 2017
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of February 2017. Kindly sponsored by Baillie Gifford. April Investment Companies Roundup
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08 Nov 2016 1 min read
QuotedData investment companies roundup – November 2016
Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of October 2016. november-investment-companies-roundup-2
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10 May 2016 1 min read
Standard Life European Private Equity – Sitting in a sweet spot
In recent years Standard Life European Private Equity Trust has been one of the best performing private equity funds of funds listed in London. SL Capital, managers of the fund, believe it its discount of 26.9% is too wide for the quality of its NAV and that, as a European (mid-market) specialist, it sits in […]
News
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17 Dec 2020 3 min read
QuotedData’s morning briefing 17 December 2020
In QuotedData’s morning briefing 17 December 2020: Schroder BSC Social Impact Trust has raised gross proceeds of £75m from its IPO. The company will use part of the net proceeds to acquire seven assets from Big Society Capital with the balance of the net proceeds to be invested in accordance with the company’s investment policy and/or used […]
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18 Nov 2020 1 min read
QuotedData’s Morning Briefing 18 November 2020
In QuotedData’s Morning Briefing 18 November 2020 – Ahead of its AGM on 25 November 2020, JPEL Private Equity (JPEL) provided an update on its realisation strategy, noting that its manager is in advanced negotiations to sell its largest asset, its interest in MBI Holding. The transaction price would be around its carrying value with […]
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08 Oct 2020 1 min read
Sharp widening of JPEL’s discount
Sharp widening of JPEL’s discount – JPEL Private Equity has announced results for the year ended 30 June 2020. COVID and other factors pushed the NAV down by 5.3% to $1.61, but the share price fell from $1.43 to $1.08, meaning that the discount widened from 15.9% to 32.9% and it is now 35.2%. JPEL […]
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13 Mar 2020 1 min read
JPEL Private Equity announces portfolio sale
JPEL Private Equity (JPEL) announced a partial sale in JPEL’s 2nd largest portfolio company, a tax advisory services company. At 31 December 2019, the company represented 18.7% of JPEL’s private equity portfolio value. The partial realisation results in an investment return of approximately 4.39x and an IRR of approximately 33% for JPEL. As part of the transaction, JPEL […]
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30 Jul 2018 2 min read
Lazard World Trust Fund reports decent year as it introduces 6% yield
Lazard World Trust Fund reports decent year as it introduces 6% yield – Lazard World Trust Fund says that, for the year ended March 31 2018, the total return on its net asset value was 20.9%, which compares favourably with its benchmark, the MSCI All Country World Index ex-U.S., which increased 16.5%. A revised dividend policy, effective for […]
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24 Nov 2017 2 min read
JPEL fund sells Celerion
JPEL fund sells Celerion – JPEL Private Equity, which invests in a portfolio private equity funds, has announced that MTS Health Investors, LLC, a healthcare-focused private equity firm, announced that its portfolio company Celerion Holdings, Inc. is being sold to a partnership between Court Square Capital Partners and the Celerion management team, who will continue to own a minority interest in […]
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13 Nov 2017 5 min read
British Empire beats its World ex US benchmark
British Empire beats its World ex US benchmark – British Empire achieves an 18.8% return on net assets for the year ended 30 September 2017. 2.5% ahead of the return on its principal benchmark, the MSCI AC World ex US index. The Board has elected to increase the final dividend to 10.0p per share, which […]
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11 Oct 2017 1 min read
JPEL Private Equity gets cash for Accela stake
JPEL Private Equity gets cash for Accela stake – JPEL Private Equity says that one of its largest investments has been bought. On 29 September 2017, Berkshire Partners LLC made an investment in Accela, a leading provider of civic engagement software solutions for state, county and municipal governments. The sale of Accela resulted in an investment […]
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17 Mar 2017 1 min read
JPEL Private Equity likely to realise a return of 3.5x cost, and a IRR of 50.6%, from sale of Datamars
JPEL Private Equity Limited (JPEL) has announced that, on 14 March 2016, Caisse de dépôt et placement du Québec (CDPQ) announced an investment in Datamars, a global company based in Switzerland whose technology is used to identify and track livestock, companion animals and textiles. The transaction is subject to regulatory and change of control approvals […]
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14 Nov 2016 2 min read
Capital Gearing benefits from private equity exposure
As at the half year to 5 October 2016, Capital Gearing Trust’s net asset value per share was 3,647.0p compared to 3,382.0p as at the last year end on 5 April 2016, an increase of 7.8%. This compares with increases of 15.6% in the MSCI UK and of 17.9% in the sterling MSCI World Index. RPI […]
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03 Oct 2016 1 min read
JPEL discount widens
In the twelve months ending 30 June 2016, JPEL Private Equity’s NAV per US$ Equity Share increased by $0.15 or 11.8% to $1.42, however, JPEL’s US$ Equity Share price declined 3.6% during the fiscal year from $1.00 to $0.97. Subsequent to the period, JPEL’s US$ Equity Share price increased from $0.97 to $1.04 on 29 […]
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22 Apr 2016 4 min read
JPEL Private Equity to shift to orderly wind down
Further to JPEL Private Equity Limited’s announcement on 11 March 2016 discussing the timeline for the implementation of the realisation share class, the company announces that holders of a majority of US$ Equity Sharesc have, in recent weeks, notified the Board that they no longer support the dual continuation share class and realisation share class […]
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29 Mar 2016 2 min read
JPMorgan Private Equity looking to create realisation shares after a ‘notable period’
JPMorgan Private Equity has announced its interim results for the six-months ended 31 December 2015, a period which the company describes as being ‘notable’. Specifically, proposals were announced to move the management contract to an affiliate of Fortress Investment Group LLC (this transaction was completed after the period-end on 11 March 2016.) The company also […]
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08 Dec 2015 1 min read
JPMorgan Private Equity confirms move to Fortress
JPMorgan Private Equity has announced that, further to its announcement on 27 October 2015 (regarding the spin-out of the company’s investment management team from J.P. Morgan Asset Management to an affiliate of Fortress Investment Group LLC) the company has now been advised that a definitive agreement in relation to the transfer has been signed. As […]
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27 Oct 2015 1 min read
JPMorgan Private Equity team moving to Fortress
JPMorgan Private Equity has announced that the it is in discussions to potentially transfer the existing investment management contract from JPMorgan Asset Management to an affiliate of Fortress Investment Group LLC. As part of the deal, JPEL’s Board understands that the investment management team that has been responsible for managing the fund since its inception in 2005 (led […]
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20 Feb 2015 2 min read
JPMorgan Private Equity reports good progress on restructuring
JPMorgan Private Equity has announced interim results covering the six months ended 31 December 2014. Its net asset value rose by 7 cents over the period or 6.4% and its share price rose by 5.5%. JPMorgan Private Equity has made good progress on its plan to cut debt and invest $150m in new investments. It has been reducing its exposure […]
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03 Oct 2014 1 min read
JPMorgan Private Equity balance sheet improving
JPEL : JPMorgan Private Equity balance sheet improving JPMorgan Private Equity’s results for the year ended 30 June 2014 show its net asset value rising by 2.7% or 3 cents to $1.14. The shares moved up 5.5%, narrowing the discount a little but still leaving it close to 30%. The Board and managers say they […]
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04 Aug 2014 1 min read
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 […]
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22 May 2014 1 min read
JP Morgan Private Equity : JPEL – part sale of investment
JP Morgan Private Equity has announced that it has sold part of its stake in Terra Firma Deutsche Annington (the largest holding in the portfolio). Deutsche Annington is the largest investor in German real estate with almost 175,000 residential units. JP Morgan Private Equity acquired its stake in two chunks – one in 2006 and a […]
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02 May 2014 1 min read
JP Morgan Private Equity : JPEL – update
JP Morgan Private Equity has announced that it has invested $50m in four companies since December – one third of their target for the period ended 31 December 2015. All of the investment has been funded from the proceeds of distributions from its existing portfolio. $14m of the $50m was invested in a US based […]
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27 Feb 2014 1 min read
JP Morgan Private Equity : JPEL – interim results
JP Morgan Private Equity’s net asset value rose by 2.8% over the second half of 2013. The share price rose by 0.2% so the discount widened a little over the period. NAV gains were derived in part from disposals – JPEL received $41.5m and invested $3.3m during the six months. Since the start of 2014 […]
