JP Morgan Asset Management has launched JP Morgan Private Capital, which includes a new growth equity investment arm and an existing private debt business, committed to providing customised solutions for early and growth stage companies across the capital structure.

The group will be focused on institutional and high-net-worth clients and will also have the ability to invest the firm’s capital alongside investors.

JP Morgan Private Capital will be led by Brian Carlin, previously CEO of Wealth Management Solutions at JP 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.

The firm is also pleased to announce the hiring of Christopher Dawe from Goldman Sachs as Managing Partner to lead the technology and consumer growth equity business. During his time at Goldman Sachs, Dawe spent 15 years investing in private companies and co-headed the Venture Capital and Growth Equity business within Goldman Sachs Investment Partners. His investments have included Spotify, Plaid, Ring, Pinterest, Compass, Uala and Built Technologies, among other companies.

Read more/Source: Private Equity Wire