Asset Management
IFC Asset Management Picks JP Morgan As Administration Partner
IFC Asset Management Company has chosen
JP Morgan to provide outsourced private equity accounting and
fund administration services for the company.
Under the agreement, JP Morgan will provide AMC's IFC
Capitalization Fund and IFC African, Latin American and Caribbean
Fund with a range of services, including fund and partnership
accounting, treasury services, capital call and distribution
management, tax support services, and others. AMC was established
in 2009 to manage private equity funds comprising third-party
capital and $4 billion in assets under management.
"We believe that investments in emerging markets, especially
frontier markets, represent a growing asset class that can bring
increased diversification and long-term return opportunities to
investors," said Ruth Horowitz, the chief administration officer
of AMC.
JP Morgan provides administration services to over 100 clients
with $225 billion in alternative assets worldwide.
