J.P. Morgan is expanding its global fund services business into the private equity arena, launching J.P. Morgan Private Equity Fund Services to provide outsourced fund administration services to private equity firms and institutional limited partners.

The new firm will provide middle and back office outsourcing of fund administration services such as fund and partnership accounting, tax support and reporting services to private equity firms and limited partners. J.P. Morgan also provides a wide range of complementary services to the private equity community including transaction advisory, cash management, credit products, escrow, custody, foreign exchange and derivatives.

“Private equity fundraising is booming, and private equity CFOs want to hire one firm that they trust to handle all of their accounting and operations requirements,” said Robert Caporale, head of the new J.P. Morgan Private Equity Fund Services. “J.P. Morgan is well positioned to be the premier one-stop firm for high-quality fund administration. Our services enable private equity managers to focus on what they do best — building investor wealth.”