May 14, 2020
JPMorgan Asset Management has launched a fund to take advantage of dislocations in the public and private real estate credit markets, Crain’s New York Business reported. The asset-management arm of JPMorgan Chase is reportedly looking to raise $2 billion to $3 billion from institutional investors for its Real Estate Credit Opportunity Fund.
The vehicle will target 10% to 15% net returns investing in bonds and pools of loans tied to commercial real estate. The fund will invest in strategies including structured credit, rescue loan origination and both performing and nonperforming loan acquisition, Crain’s reported.
The asset management division’s new real estate fund is part of its plan to raise as much as $10 billion for alternative investments, as fallout from the coronavirus pandemic continues to rattle global markets, according to Crain’s.
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