JPMorgan Rolls Out $150 Million Global Impact Fund of Funds

JPMorgan Chase & Co. has closed a new global impact fund that will take positions in other private funds that invest in themes like inclusive growth, climate solutions and health and wellness.

The fund, rolled out by JPMorgan’s private bank, has investable capital of more than $150 million raised from clients, and will focus on themes that contribute to United Nations Sustainable Development Goals, according to a statement to be published Thursday.

“This is a game-changing fund for clients interested in impact investing,” John Ancona, who runs private equity due diligence in the private bank, said in the statement. ...