JPMorgan asset arm creates new team to focus on sustainable investments – Reuters

JPMorgan asset arm creates new team to focus on sustainable investments – Reuters

Jan 24 (Reuters) - JPMorgan Chase & Co's (JPM.N) asset management arm said on Monday it had created a new private equity team to focus on sustainable investments, the bank's latest move to align its activities with its climate-change commitments.

With an investment of up to $150 million, the team will target growth-stage private companies that build solutions related to climate adaptation and resource efficiency for various industries.

The bank said it has hired Tanya Barnes, who previously headed Blackstone Inc's (BX.N) impact investing platform, to jointly manage the new team with Osei Van Horne.