JPMorgan to Raise Up to $3 Billion for Real Estate Credit Fund
- Recession fears due to virus creating openings for lenders
- Vehicle will target 10% to 15% net returns for the strategy
Photographer: Peter Foley/Bloomberg
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JPMorgan Chase & Co.’s asset-management arm has launched a new fund to take advantage of dislocations in the public and private real estate credit markets, according to a person familiar with the matter.
JPMorgan Asset Management is looking to raise $2 billion to $3 billion from institutional investors for the Real Estate Credit Opportunity Fund, according to the person, who asked not to be identified because the information is private.