Dealflow | March 22, 2021

J.P. Morgan Private Bank closes $150 million Global Impact Fund

Roodgally Senatus
ImpactAlpha Editor

Roodgally Senatus

ImpactAlpha, March 22 — J.P. Morgan’s Global Impact Fund aims to build a diversified portfolio of impact investment funds focused on financial inclusion, climate change and health and wellness in alignment with the U.N. Sustainable Development Goals.

The Global Impact Fund is supported by J.P. Morgan’s alternative investments and sustainable investing teams, as well as Tideline, which helped structure the fund of funds. It has already committed to four undisclosed impact venture, growth and buyout managers, as well as two co-investments.

The “unprecedented need and demand right now for impact investing” positions the bank to play a key role, said Tideline’s Ben Thornley, “including by helping channel more capital to diverse managers.”