Edison has issued a research update on J.P. Morgan Private Equity.

It says: "J.P. Morgan Private Equity (JPEL) seeks to achieve capital appreciation by investing in a diversified portfolio of private equity investments. The company is making good progress in implementing a strategic initiative to release value for shareholders; this includes recycling up to $150m of fund distributions into more focused investments and the planned option of a realisation share class to provide medium-term liquidity.

"A marked strengthening of NAV performance over the last year and greater portfolio concentration points to a narrower discount and increases the likelihood of investors opting to hold onto the ordinary shares."

At 9:14am: (LON:JPEL) JPMorgan Private Equity Ltd share price was -0p at 0.95p