JPMORGAN Part II - Private Markets Fund

JPMORGAN Part II - Private Markets Fund is an open-ended SICAV managed by JP Morgan Asset Management and domiciled in Luxembourg, where it operates under the UCI Part II regime rather than as an ELTIF, giving it the Non-ELTIF classification and a pan-European distribution scope open to both professional and retail-eligible investors. The vehicle invests in private equity with a buyout focus, is denominated in USD, and carries an 2026 launch date, placing it among the more recently opened structures in this segment. It is classified as Article 6 under SFDR, so sustainability characteristics are not promoted as part of the mandate.

Dealing mechanics follow the evergreen semi-liquid template: subscriptions are accepted monthly, net asset value is struck monthly, and redemptions are available quarterly subject to a notice period of 30 and a soft lock-up applying to recently subscribed shares. Entry is set at a minimum of 35,000 USD, which positions the fund for private bank and advisory distribution alongside institutional allocations. Fee terms comprise a management fee of and a performance fee of , both benchmarked against the comparable vehicles in our coverage.

Within a database of 494 funds, it is one of 163 private equity strategies and one of 347 vehicles domiciled in Luxembourg, narrowing to 117 funds that combine both. Its non-ELTIF status differentiates it from the growing share of peers using the ELTIF wrapper for cross-border retail access, with eligibility instead resting on the UCI Part II framework and local distribution rules.