SEC Notice: JPMorgan Private Markets Fund Co-Investment Application

Regs.gov: Securities and Exchange Commission

Published March 11th, 2026

Detected March 17th, 2026

Summary

The SEC has issued a notice regarding an application from JPMorgan Private Markets Fund and affiliated entities. The application seeks an order to permit certain registered closed-end management investment companies and business development companies to co-invest in portfolio companies.

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What changed

The Securities and Exchange Commission (SEC) has published a notice concerning an application filed by JPMorgan Private Markets Fund, JPMorgan Credit Markets Fund, J.P. Morgan Investment Management Inc., and certain affiliated entities. The applicants are requesting an order under sections 17(d) and 57(i) of the Investment Company Act of 1940, and rule 17d-1, to allow these registered closed-end management investment companies and business development companies to engage in co-investment activities with each other and with affiliated investment entities. This relief is sought to permit certain joint transactions that would otherwise be prohibited by the Act and rule 17d-1.

Interested parties have until April 6, 2026, to request a hearing on the application by emailing the SEC's Secretary and serving the applicants. The SEC will issue an order granting the relief unless a hearing is ordered. This notice is primarily informational for compliance officers overseeing investment funds, indicating a potential for expanded co-investment opportunities under specific SEC approval. No immediate compliance actions are required by regulated entities other than monitoring the outcome of the application and the potential for future guidance or precedent.

What to do next

Monitor the SEC's review of the JPMorgan co-investment application.
Review the application details for potential implications on co-investment strategies.
Consider submitting a hearing request by April 6, 2026, if specific interests are affected.

Source document (simplified)

Content

March 11, 2026.

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).

SUPPLEMENTARY INFORMATION:

For Applicants' representations, legal analysis, and conditions, please refer to Applicants' second amended application filed
March 6, 2026, which may be obtained via the Commission's website by searching for the file number at the top of this document,
or for an Applicant using the Company name search field, on the SEC's EDGAR system. The SEC's EDGAR system may be searched
at https://www.sec.gov/search-filings. You may also call the SEC's Office of Investor Education and Advocacy at (202) 551-8090.

For the Commission, by the Division of Investment Management, under delegated authority.

Vanessa A. Countryman, Secretary. [FR Doc. 2026-05010 Filed 3-13-26; 8:45 am] BILLING CODE 8011-01-P