J.P. Morgan Asset Management Global Real Assets has launch Tactical Direct Investments («TDI»), a dedicated cross-real assets group to help further meet client demand for direct and co-investment real asset opportunities across the risk/return spectrum and around the world.
Global Real Assets (GRA) currently manages or advises more than $17 billion of direct and co-investment transactions globally on behalf of clients. The new unit, a dedicated cross-real assets group within GRA,will be under the leadership of Avik Mukhopadhyay.
«Institutional investors are increasingly seeking to complement their real asset fund holdings with direct investments. However, for both the investor and the investment manager, direct investing is fundamentally different from fund investing,» said Joe Azelby, Global Head of Real Assets.
Avik Mukhopadhyay said, «In many ways, Tactical Direct Investments is leveraging what the group has been doing exceptionally well for more than four decades. And by creating a dedicated team focused on providing bespoke investment solutions – be it co-investments, direct single asset transactions or thematic separately managed accounts – for clients across real estate, infrastructure and maritime/transports globally, we hope to both deepen our relationships with existing clients and help new clients achieve their individual goals.»
J.P. Morgan Asset Management – Global Real Assets has more than $79 billion in assets under management and approximately 400 professionals in the U.S., Europe and Asia, as of September 30, 2014.
The Global Real Assets team is part of J.P. Morgan Asset Management’s Alternatives Investments business, which collectively manages over $120 billion in client assets across real assets, hedge funds, credit and private equity.