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AltAssets is the private equity news and research service from Almeida Capital
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PRINT THIS PAGE JPMorgan allocates $750m to private equity investment in Asia Pacific20/02/2008. Source: AltAssets. 
JPMorgan Asia Pacific is committing $750m to mid-market private equity investment opportunities in the Asia Pacific region. The expansion will be headed by Varun Bery and John Troy, co-founders of private equity firm TVG Capital Partners, who are joining JPMorgan as managing directors. The pair will lead a team with a broad investment mandate, including consumer, retail, industrial, healthcare, TMT and natural resources industries, focused on non-controlling investments. The new team will operate as the Asian arm of JPMorgan's Private Equity Principal Investments business, which is headed by Bob Case in New York.
Gaby Abdelnour, chairman and CEO of JPMorgan Asia Pacific, said, 'This investment is part of our intensified growth strategy in Asia Pacific. It offers JPMorgan huge potential in the private equity market by allowing us to rapidly accelerate expansion and seize growth opportunities.'
Bery added, 'We see a big opportunity to enhance JPMorgan's private equity base in the region. There is significant potential to invest in our target sectors and geographies and we are looking forward to taking advantage of JPMorgan's strength to capitalise on it.'
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