JP Morgan to raise up to $3 bn for real estate credit opportunity fund

JP Morgan Chase & Co’s asset management arm has launched a new fund to take advantage of dislocations in the public and private real estate credit markets. 

JP Morgan Asset Management is looking to raise $2-3 bn from institutional investors for the Real Estate Credit Opportunity Fund. The vehicle will target 10-15 per cent net returns investing in bonds and pools of loans tied to commercial real estate, as reported. The fund will invest in strategies including structured credit, rescue loan origination and both performing and non-performing loan acquisition, the documents said. The new real estate fund is part of a plan to raise $10 bn for alternative investments amid the COVID crisis.

Contact: Mollica Senapati, India Head-Marketing & Communications, JP Morgan Asset Management.

Address: L&T Business Park , Gate no 5, Jogeshwari - Vikhroli Link Rd, New Mhada Colony, Savarkar Nagar, Chandivali, Powai, 

Mumbai-400 072.

Mobile: (0) 98339 88496

E-mail: mollica.senapati@gmail.com

Website: www.jpmorganmf.com