JPMorgan announced the creation of a new private‑capital advisory team, the Private Capital Advisory and Solutions (PCAS) group, on January 16, 2026. The team, led by former Americas equity capital markets head Keith Canton, will focus on helping companies and private‑market sponsors raise capital through mergers, acquisitions, and other financing structures.
The launch comes as private‑market activity has accelerated, with institutional investors seeking higher yields outside public markets. Analysts note that companies are staying private longer, and the amount of uninvested capital—often called “dry powder”—in private‑equity funds has surged to more than $1.5 trillion. By positioning a dedicated advisory arm, JPMorgan aims to capture a larger share of the private‑markets fundraising pipeline and reinforce its competitive edge in this high‑growth segment.
PCAS will offer a full suite of services, including early‑stage equity, preferred stock, convertible debt, and secondary fund placements. The team will work closely with JPMorgan’s capital‑markets division to structure deals that meet the unique needs of private‑market sponsors, such as flexible financing terms and access to a broad network of institutional investors.
JPMorgan’s private‑markets footprint has already delivered strong results. The bank’s private‑equity unit recently closed its 12th flagship fund, raising $1.44 billion—well above its target—and the firm’s private‑credit platform has generated fee income that grew 12% year‑over‑year. The new advisory group builds on this momentum, positioning JPMorgan to capture fee growth from a sector that is projected to expand at a compound annual growth rate of 8% over the next five years.
Management emphasized the strategic importance of the move. “Private markets are a key growth engine for us,” said JPMorgan CEO Jamie Dimon in a statement. “By deepening our advisory capabilities, we can help our clients navigate the increasingly complex capital‑raising landscape and deliver value to our investors.” The announcement was met with a modest positive reaction from the market, reflecting confidence in JPMorgan’s ability to monetize the private‑markets boom.
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