J.P. Morgan Asset Management (JPMAM) has launched its first European Long-Term Investment Fund (Eltif) offering investors globally diversified exposure to private markets through a single, actively managed fund.
Eltif is a regulated investment vehicle under the EU framework, designed to channel long-term capital into infrastructure, private equity, real estate, and SME financing.
The new fund, the JPMorgan Eltifs – Multi-Alternatives Fund, leverages the asset manager’s $400 billion Global Alternatives platform, giving access to over 1,000 private assets across multiple alternative investment strategies. It aims to provide ” a foundational, balanced exposure to private markets” by integrating various alternative asset classes into a single vehicle.
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The portfolio spans over 15 sub-sectors, including private real assets, real estate, private credit, and private equity. By combining these asset classes, JPMAM seeks to reduce individual asset risks through diversification while actively reallocating capital to capture opportunities and enhance resilience across market cycles.
Designed as an evergreen fund, the Eltif is structured for long-term investors looking for diversified exposure beyond traditional markets. Its C share class comes with a 1.19% total expense ratio and a 12.5% performance fee, subject to a 7% hurdle rate.
Christoph Bergweiler, head of continental Europe Funds at J.P. Morgan Asset Management, said: “With a growing number of clients considering allocating to alternatives but unsure where to start, we’re delighted to have launched a truly diversified, prudently designed, one-stop solution. Our Multi-Alternatives ELTIF combines the best of all worlds across various alternative asset classes by leveraging JPMAM’s broad alternatives investment capabilities and the operational experience of our well-established Luxembourg SICAV platform.”
Brandon Robinson, deputy global head of private markets at J.P. Morgan Asset Management, said: “We believe it’s important to not only diversify a 60/40 equity/bond portfolio with allocations to private markets but also to pursue a diversified strategy within alternatives. That’s why we’re excited to offer a solution that gives retail investors access to a foundational and evergreen multi-alternatives portfolio, which they can allocate to and redeem from over time.”
