JPMorgan Chase & Co's alternative investments unit is looking to raise up to $10 billion to boost its spending power in the face of the coronavirus pandemic, a source familiar with the matter said on Monday.
FILE PHOTO: A woman passes by a JPMorgan Chase bank in Times Square in New York City, U.S., March 7, 2019. REUTERS/Brendan McDermid/File Photo
The bank plans to raise $5 billion to $10 billion in the next couple of months from clients including pension funds, sovereign-wealth funds, family offices and private banks, according to the source. That amount has roughly $3 billion earmarked for credit, $3 billion for real estate and $4 billion across transportation and infrastructure.
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