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    Home»Fundraising»JP Morgan closes Lynstone Special Situations Fund II with $2.4bn in total commitments
    Fundraising

    JP Morgan closes Lynstone Special Situations Fund II with $2.4bn in total commitments

    June 8, 2022Updated:June 8, 20221 Min Read
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    A JPMorgan sign is seen outside the office tower housing the financial services firm's Los Angeles, California offices, August 8, 2013. US banking giant JPMorgan Chase said August 8, 2013 it is facing parallel civil and criminal investigations over its sale of mortgage-backed securities before the financial crisis. JPMorgan disclosed in a securities filing that in May it was notified by the civil division of the US Attorneys Office for the Eastern District of California stating that it had preliminarily concluded that the bank "violated certain federal securities laws" in connection with the subprime mortgage-backed securities. AFP PHOTO / Robyn Beck (Photo credit should read ROBYN BECK/AFP/Getty Images)
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    JP Morgan Asset Management has held the final closing of its Lynstone Special Situations Fund II (Lynstone Fund II), with $2.4 billion in capital raised from a broad set of institutional investors comprised of pension funds, insurance companies, foundations endowments and wealth managers across the Americas, Europe, Australia and Asia.

    Lynstone Fund II is investing in stressed, distressed, and event driven situations in European and North American private and public markets across the capital structure, where underlying assets are potentially discounted due to illiquidity or market disruption and where an event or catalyst has the strong potential to drive a positive total return.

    Lynstone Fund II, which surpassed its $2 billion target, represents the second fund from JP Morgan Asset Management’s $3.5 billion Global Special Situations (GSS) team. The GSS team is led by Co-CIOs Leander Christofides and Brad Demong.  The GSS team operates as part of JP Morgan Global Alternatives, a $218 billion platform spanning real estate, infrastructure, transportation, hedge funds, private equity, private credit, and liquid alternatives.

    Read more: Private Equity Wire

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