J.P. Morgan Private Equity has unveiled a series of strategic initiatives that the board believes demonstrates its continued commitment to shareholders.

Chairman Trevor Ash says: ""Since inception, implementing JPEL's core strategy has involved investing in seasoned private equity assets that are repositioned approximately every 36 months by redeploying net distributions in new private equity investments and returning substantial levels of capital to US$ Equity Shareholders through a variety of methods.

"In the years following the credit crisis, distribution levels from the JPEL portfolio, although greatly improved in recent months, was limited. As a result, the ability of the company to reposition its portfolio as well as the quantum and frequency of distributions to US$ Equity Shareholders was reduced.

"Today, we are implementing a more aggressive series of strategic initiatives to enable the Company to once again actively reposition its portfolio and return larger amounts of capital to US$ Equity Shareholders while maintaining strong cover for ZDP holders.

As a first step, JPEL will seek to repurchase up to $20m of US$ Equity Shares through a coordinated share repurchase programme."

At 8:50am: (LON:JPEL) share price was +0.04p at 0.64p