WSJ: J.P. Morgan nears deal for One Equity Partners buyout arm


JPMorgan Chase (NYSE:JPM) reportedly is in advanced discussions to sell roughly half its stake in the ~$4.5B investment portfolio of its buyout arm, One Equity Partners, to investment firms Lexington Partners and Carlyle Group's (NASDAQ:CG) AlpInvest Partners.

It is unclear how much the buyers would pay for the investment portfolio or whether other investors may join the buyers, but buyout fund stakes such as One Equity's lately have been selling for prices near their net asset values.

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Comments (2)
  • mtairyinvest@aol.com
    , contributor
    Comments (178) | Send Message
     
    <<buyout fund stakes such as One Equity's lately have been selling for prices near their net asset values>>

     

    As determined by the disinterested parties employed by the fund firms. Using carefully hedged estimates of values where necessary, as calculated by proprietary algorithms and the I Ching.

     

    Surely that should be worth a premium in today's environment!
    22 Jul 2014, 08:25 PM Reply Like
  • Phil McFarren
    , contributor
    Comments (21) | Send Message
     
    Knowing the conservative nature of the bank, I agree with mairyinvest@aol.com.
    As an investor and stock holder any attempt to take a substandard price for the portolio reflects poorly on management and probably a bad deal for stockholders.
    23 Jul 2014, 12:08 AM Reply Like
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