JP Morgan to raise $600m China Fund

June 2, 2008

JPMorgan Asset Management has announced a new real estate fund called Greater China Property Fund. JP Morgan estimates that it is likely to raise close to $600 million in commitments and get a closure for this property fund by the second quarter of 2008. Greater China Property Fund will invest in promising real estate parcels in China which is the fastest growing economy in the world. As the global head for JPMAM’s real estate and infrastructure unit sums it up “China, at present, is probably the most dynamic and exciting economic region in the world”. JPMorgan already has a JP Morgan India Property Fund in asia making the JP Morgan Greater China Property Fund, the second asia specific real estate fund for JP Morgan. JP Morgan India Property Fund is a $360 million fund which has already invested in 3-4 excellent real estate parcels in India.

Posted in Fund Raising