J.P. Morgan is enhancing its services for venture capital and private equity firms in its bid to become the leading financial institution for the Innovation Economy — a global network that supports thousands of startups and high-growth enterprises.
In a groundbreaking collaboration, the firm’s subsidiaries PricingDirect and Aumni have joined together to offer independent valuations of private equity securities for the first time.
This initiative coincides with J.P. Morgan’s increased focus on private capital markets — one of the fastest growing segments in the financial service industry — enhancing the range of services available to venture capital investors, private equity firms and other financial sponsors. This new service provides comprehensive, unbiased valuations of private company investments to meet audit and regulatory requirements.
“With the powerful combination of PricingDirect’s valuation expertise and Aumni’s leading private market data structuring capabilities and insights, we can bring streamlined and tech-enabled capabilities to private markets participants.”
Neil Hyman
CEO, PricingDirect
“The partnership combines PricingDirect’s expertise in evaluated pricing and Aumni’s private market expertise and advanced data analytics capabilities to offer investors reliable ASC 820 valuations aligned with industry standards,” said Neil Hyman, CEO of PricingDirect. He noted that the new offering brings greater transparency and efficiency to the valuation process and augments its wide range of valuation capabilities in public fixed income and derivative securities.
“With the powerful combination of PricingDirect’s valuation expertise and Aumni’s leading private market data structuring capabilities and insights, we can bring streamlined and tech-enabled capabilities to private markets participants,” Hyman said.
Damian Wille from Strategy & Corporate Development at Aumni added: “We are excited to join forces with PricingDirect to deliver a solution that addresses the critical need for independent valuations in the venture capital and private equity space.”
The partnership forms part of J.P. Morgan’s deeper push into the Innovation Economy. With teams focused on industries such as technology, fintech, life sciences and climate tech, as well as its broad network of VC and PE investors and partners, the firm is well positioned to serve the global innovation ecosystem — from venture capital firms and their general partners to startups and high-growth companies. Its goal is to support these companies from their foundational stages through IPO and beyond.
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