JP Morgan expands Asian private equity with $750 mln
HONG KONG, Feb 19 (Reuters) - JP Morgan Asia Pacific (JPM.N: Quote, Profile, Research) said it would expand Asia private equity with an initial $750 million to invest in a wide range of sectors.
The expansion will be headed by Varun Bery and John Troy, co-founders of TVG Capital Partners, who will lead a team with a broad investment mandate, including consumer, retail, industrial, healthcare, TMT and natural resources industries, focused on non-controlling investments. (Reporting by Tom Miles)
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