Securities and Exchange Commission
- [Investment Company Act Release No. 36015; File No. 812-15950]
AGENCY:
Securities and Exchange Commission (“Commission” or “SEC”).
ACTION:
Notice.
Notice of application for an order under sections 17(d) and 57(i) of the Investment Company Act of 1940 (the “Act”) and rule 17d-1 under the Act to permit certain joint transactions otherwise prohibited by sections 17(d) and 57(a)(4) of the Act and rule 17d-1 under the Act.
SUMMARY OF APPLICATION:
Applicants request an order to permit certain registered closed-end management investment companies and business development companies to co-invest in portfolio companies with each other and with certain affiliated investment entities.
APPLICANTS:
JPMorgan Private Markets Fund, JPMorgan Credit Markets Fund, J.P. Morgan Investment Management Inc., and certain of their affiliated entities as described in Appendix A to the application.
FILING DATES:
The application was filed on December 5, 2025 and amended on March 2, 2026 and March 6, 2026.
Hearing or Notification of Hearing:
An order granting the requested relief will be issued unless the Commission orders a hearing. Interested persons may request a hearing on any application by emailing the SEC's Secretary at Secretarys-Office@sec.gov and serving the Applicants with a copy of the request by email, if an email address is listed for the relevant Applicant below, or personally or by mail, if a physical address is listed for the relevant Applicant below. The email should include the file number referenced above. Hearing requests should be received by the Commission by 5:30 p.m. Eastern time on April 6, 2026, and should be accompanied by proof of service on the Applicants, in the form of an affidavit or, for lawyers, a certificate of service. Pursuant to rule 0-5 under the Act, hearing requests should state the nature of the writer's interest, any facts bearing upon the desirability of a hearing on the matter, the reason for the request, and the issues contested. Persons who wish to be notified of a hearing may request notification by emailing the Commission's Secretary at Secretarys-Office@sec.gov.
ADDRESSES:
The Commission: Secretarys-Office@sec.gov. Applicants: Carmine Lekstutis, J.P. Morgan Investment Management Inc., carmine.lekstutis@jpmorgan.com; Rajib Chanda, Esq., Ryan P. Brizek, Esq., and Neesa Patel Sood, Esq., Simpson Thacher & Bartlett LLP, rajib.chanda@stblaw.com, ryan.brizek@stblaw.com, and neesa.sood@stblaw.com.
FOR FURTHER INFORMATION CONTACT:
Kris Easter Guidroz, Senior Counsel, or Adam Large, Senior Special Counsel, at (202) 551-6825 (Division of Investment Management, Chief Counsel's Office).