J.P. Morgan Private Equity Ltd has sold its interests in Parallel Ventures Limited Partnership and Parallel Private Equity Limited Partnership for 96.25% of the prevailing net asset value of the Parallel interests, as reflected in JPEL's 31 May 2014 net asset value.

The Parallel portfolio is comprised of European middle-market co-investments with 2007 and 2008 vintage years. The transaction will generate cash proceeds of approximately $36.1m and will also release JPEL from approximately $10.6min unfunded commitments.