JP Morgan Asset Management has announced a new sustainable investment private equity team.

The team will launch its first private equity strategy focused on investing in growth-stage private companies with an investment of $150 million. The new team forms part of JP Morgan Private Capital, a private equity and private credit investment platform. The firm has hired Tanya Barnes from Goldman Sachs as Co-Managing Partner of the new team alongside Osei Van Horne. JP Morgan’s Senior Climate Scientist and Sustainability Strategist, Dr. Sarah Kapnick, will serve on the team’s investment committee.

“Our new sustainable growth private equity team sits at the intersection of the two investing megatrends of our times – the massive opportunity and innovation required to address the sustainability transition, coupled with the ever-increasing demand from both individual and institutional investors to look beyond public markets,” said Brian Carlin, Chief Executive Officer, J.P. Morgan Private Capital. “Tanya Barnes will add significant value to the team, and we look forward to working with her.”