JP Morgan Private Bank closes Global Impact Fund

J.P. Morgan Private Bank has announced the final closing of its Global Impact Fund, with total investable capital of more than $150 million. The fund, which began investing in December 2020, has already committed to four underlying impact venture, growth and buyout managers, in addition to executing two co-investments.

The Global Impact Fund targets three significant investment themes: inclusive growth, climate solutions and health and wellness. The Fund offers a diversified portfolio of impact private investment funds constructed with the intent to advance progress toward specific UN Sustainable Development Goals. Additionally, the fund is inclusive of diverse managers, which adds significant representation among the investment teams.