JP Morgan (JPM.US) has established a new team to further expand its private market business. The new team will integrate JP Morgan's private capital advisory and mergers and acquisitions business.
As large startups like OpenAI and SpaceX maintain their private status for extended periods while being valued above the average level of the S&amp;P 500 index, Wall Street banks are accelerating their layout in the private capital market

JPMorgan Chase has established a new team to further expand its private equity market business. The new team will integrate JPMorgan's private capital advisory and mergers and acquisitions business. As large startups like OpenAI and SpaceX remain privately held for extended periods while their valuations exceed the average level of the S&P 500 index, Wall Street banks are accelerating their layout in the private capital market

JP Morgan establishes a new team to strengthen its private equity market business