J.P. Morgan Private Equity Ltd has appointed J.P. Morgan Asset Management (UK) as co-manager.

It says the addition of JPMAM as co-manager reflects the appointment of the legal entity which employs the London-based members of the JPEL team and will have no adverse impact on the operations or management of the company.

JPMAM has been appointed on the same material terms as contained in the existing investment management agreement with the current manager, Bear Stearns Asset Management.

In particular, the fees currently payable by the Company in respect of the investment management services will not be amended.