JPMorgan forms new unit to help companies tap into private capital
Summary
JPMorgan Chase is creating a new hybrid unit within its investment bank called Private Capital Advisory and Solutions. This team will merge M&A advisory with capital markets expertise to assist companies in securing private funding from investors. The unit will offer guidance on various financing instruments, including early-stage equity, preferred stock, convertible bonds, and secondary funds. This strategic move reflects JPMorgan's recognition of a structural shift where private markets are growing faster than public markets, offering companies and investors more flexible capital-raising and deployment options outside of traditional IPOs.
(Source:Crypto Briefing)