JP Morgan Private Bank has announced the final closing of its Global Impact Fund with total capital of $150 million.
The Fund, which began investing in December 2020, targets three investment themes: inclusive growth, climate solutions and health and wellness. JP Morgan PB says it offers a diversified portfolio of impact private investment funds constructed with the intent to advance progress toward specific UN Sustainable Development Goals.
JP Morgan PB has partnered with Tideline, an impact investment consultancy, in the development of an impact framework, from manager screening to ongoing monitoring throughout the life of the investment.
“The Global Impact Fund runs on the experience and access of J.P. Morgan’s Alternative Investments Team and Sustainable Investing Team, along with the impact management expertise of Tideline,” said John Ancona, Head of Private Equity Due Diligence, J.P. Morgan Private Bank. “This partnership allowed us to develop a leading portfolio that emphasizes both themes and investment performance, while being backed by proprietary tools and reporting. This is a game-changing fund for clients interested in impact investing.”