JPMorgan Chase has created a new advisory unit within its investment bank to support corporate and sponsor clients raising funds in private markets.
The platform, called Private Capital Advisory & Solutions (PCAS), is intended to act as a “centre of excellence” for equity strategies and advisory services in private markets, the bank said in a statement to Private Banker International.
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PCAS will focus on providing “differentiated, product-agnostic solutions” and will offer structuring, pricing and distribution capabilities for private capital transactions.
“Private markets are a strategic priority for the firm as our clients face increasingly complex capital needs that demand innovative, tailored solutions,” said Anu Aiyengar, global head of M&A, and Kevin Foley, global head of capital markets, in a joint statement.
The group will be led globally by Keith Canton, who joined JPMorgan in 2015 and has headed the Americas Equity Capital Markets (ECM) team for the past three years.
He will report to Aiyengar and Foley.
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By GlobalData“Keith’s expertise will be instrumental in building a strong, global PCAS team and delivering exceptional value to our clients,” they added.
Tilman Pohlhausen, who has led the private capital advisory business in recent years, will supervise that activity globally as part of the new structure and report to Canton.
“The success of PCAS will depend on strong collaboration across Coverage, M&A and ECM to support issuer clients. In addition, PCAS will work closely with other groups across the firm, including Strategic Financing Solutions (SFS) and DCM, to deliver creative, holistic solutions for a broad range of private capital needs,” Aiyengar and Foley said.
