Florida SBA Partners with J.P. Morgan Asset Management on Florida Growth Fund
JP Morgan Chase & Co. (JPM)
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jpmorganchase.com/corporate/investor-relations/investor-relations.htm
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Source: PR Newswire
NEW YORK, Dec. 17, 2018 /PRNewswire/ -- J.P. Morgan Asset Management has been appointed by the Florida State Board of Administration (SBA) as manager for the Florida Growth Fund. As part of the mandate, J.P. Morgan Asset Management will construct a return-enhancing private equity portfolio focused on technology, growth and buyouts in Florida. The firm will commit to private equity funds based in Florida, as well as making investments directly in companies with a significant presence in the state.The Florida Growth Fund is a legislatively-approved program providing capital to growth related businesses in Florida, having already committed over $750 million in Florida-based funds and direct private credit-related investments since commencing in 2009."We look forward to leveraging our extensive private equity investment experience in Florida to partner with the SBA on the Florida Growth Fund," said Robert Cousin, Managing Director in J.P. Morgan Asset Management's Private Equity Group. "W
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