JPMP teamed with Crystal Cove Partners to find a Medicare health plan designed to succeed with the environment created by the passage of the Medicare Modernization Act (MMA).
Since its inception in 1984, JPMP has invested over $15 billion worldwide in healthcare, consumer, media, energy, industrial, financial services, hardware and software companies.
AOF II will continue the successful investment approach of AOF I and target control-oriented acquisitions where JPMP Asia will be able to drive value through operational improvements.
5 billion so that we could ensure that we could continue to execute disciplined and targeted deals that are consistent with our strategy," Andrew Liu, Managing Partner and CEO of JPMP Asia, said.
In March 2005, JPMorgan Chase & Co ("JPMC") announced that the management of JPMP Asia's affiliate in New York, JPMorgan Partners LLC ("JPMP"), plans to spin-off from JPMorgan Chase & Co.
This successful fund-raising effort is a clear demonstration of the strong investor support for JPMP Asia's investment team, track record and strategy in the Asia-Pacific region," William Riddle, Managing Director of Lazard said.
Since its inception in 1999, JPMP Asia has invested in 15 companies in Asia, primarily in the industrial and consumer sectors, with transaction value exceeding US$3 billion.