New York-based JP Morgan Asset Management, which provides investment solutions across various asset classes, including equities, fixed income, alternatives and multi-asset strategies, announced the launch of its first European long-term investment fund, the “JPMorgan Eltifs – Multi-Alternatives Fund,” on 10 February 2025. The Luxembourg-domiciled vehicle offers investors access to an actively managed, globally diversified multi-alternatives portfolio. The asset manager said it leverages JPMAM’s extensive alternatives platform, valued at $400bn, to provide balanced exposure to private markets.

The fund aims for diversified exposure to over 1,000 private assets across more than 15 sub-sectors, including private real assets, real estate, private credit and private equity. By offering uncorrelated diversification, it seeks to reduce risks tied to individual asset classes. The investment team will actively allocate across asset classes to capitalise on new opportunities and enhance portfolio resilience through market cycles, stated the press release.

Christoph Bergweiler, head of Continental Europe funds at JPMAM, said that increasing numbers of clients are considering allocations to alternative investments but are uncertain where to start. He added that the new fund provides a diversified, prudently designed one-stop solution, combining the firm’s broad alternatives capabilities with the operational expertise of its well-established Luxembourg Sicav platform.

Brandon Robinson, deputy global head of private markets at JPMAM, stressed in the announceentthe importance of diversifying traditional 60/40 equity and bond portfolios by allocating to private markets. He explained that the new fund offers retail investors a foundational, evergreen multi-alternatives portfolio that can be accessed and redeemed over time.

The fund’s C share class carries a total expense ratio of 1.19%, along with a performance fee of 12.5%, subject to a 7% hurdle.