At least three Australian institutions are poised to appoint a specialist private equity administrator, as JPMorgan rolls out its offering this quarter.
JPMorgan Private Equity Fund Services (PEFS), whose latest US client is food/media/energy buyout specialist HM Capital Partners, will transfer a senior staffer from New York, Amy Newlan, to oversee its Australian launch this quarter. The division will first offer its portfolio administration service for private equity fund-of-funds or super funds, as it is able to be integrated straight into the global Investrans platform which JPMorgan has developed with Sungard over the past eight years. Bryan Gray, local head of sales at JPMorgan Worldwide Securities Services, said: “;We are currently in discussions with three of our clients who are impressed with the online reporting capabilities. Australia is a centre of excellence for JPMorgan WSS and PEFS is a key area of focus due to sophisticated clients and ongoing market growth.”; Gray has previously said there are currently about six clients in Australia with a large enough private equity portfolio to be interested in PEFS.
The $320 billion Australian Retirement Trust (ART) plans to double the size of its team in London by the end of the year. Michael Weaver, ART general manager of mid-risk assets and UK, says its approach will be low-key, hiring locally can be prohibitively expensive, and the cultural fit of staff located in a far-flung office is as important as the talent they bring.
Simon HoyleMay 16, 2025
