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JPMorgan WSS Launches New Fund Administration Service

JPMorgan Worldwide Securities Services (JPMorgan WSS) has announced the launch of JPMorgan Private Equity Fund Services. The new business unit will offer a full suite of outsourced fund administration services to private equity firms and institutional limited partners.

JPMorgan Private Equity Fund Services will provide middle- and back-office outsourcing of fund administration services such as fund and partnership accounting, tax support and reporting services. JPMorgan also provides a range of complementary services to the private equity community including transaction advisory, cash management, credit products, escrow, custody, foreign exchange and derivatives.

"Private equity fundraising is booming, and private equity CFOs want to hire one firm that they trust to handle all of their accounting and operations requirements," said Robert Caporale, head of JPMorgan Private Equity Fund Services, in a release. "JPMorgan is well positioned to be the premier one-stop firm for high-quality fund administration. Our services enable private equity managers to focus on what they do best - building investor wealth."

JPMorgan WSS is a global provider of securities services offering a wide variety of custody and investor services such as fund accounting, fund administration, performance measurement, custody and securities lending and market products.

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