JPMorgan Chase & Co.

Rand Araskog joins as Partner from Permira

Eric Ghernati transitions to Partner role from J.P. Morgan Asset Management U.S. Equity Group

NEW YORK, March 31, 2026 /PRNewswire/ -- J.P. Morgan Private Capital, the venture and growth equity investment arm within J.P. Morgan Asset Management, today announced the appointments of Rand Araskog and Eric Ghernati as Partners focused on investing in leading growth companies.

The team's expansion comes in response to a fundamental shift in capital markets. Companies are staying private for longer, with the median age at IPO of U.S. tech companies nearly tripling from five years in 1999 to fourteen years in 2024¹. Over the same period, global private market assets have expanded 20-fold to $20 trillion². This evolution has blurred the traditional boundary between public and private markets. There are now over 800 private technology companies valued above $1 billion, together representing nearly $4 trillion of aggregate value³. J.P. Morgan Private Capital seeks to capitalize on these secular growth trends across the platform.

Paris Heymann, Managing Partner, Technology Investing, J.P. Morgan Private Capital: "We're thrilled to have Rand and Eric join the Private Capital team. Their deep investment expertise across public and private markets will help us continue to support high-growth companies at scale."

Mr. Araskog has extensive experience investing in technology companies across public equities, growth equity, and buyout private equity. Most recently, he was a Managing Director at Permira, where he helped build out a dedicated strategy, systems, and team for the Firm's $4B growth fund and led successful public long-only investments. Prior to Permira, he was a Long/Short and Growth Equity Analyst at Coatue, responsible for investments across enterprise software, hardware, and frontier technologies.

Mr. Ghernati has been with J.P. Morgan Asset Management since 2020, most recently in the U.S. Equity Group where he was responsible for tech strategies across all market caps, including J.P. Morgan Mid Cap Growth and Small Cap Growth. He was also a co-portfolio manager for the J.P. Morgan U.S. Tech Leaders Strategy, including its active ETF vehicle, JTEK, and the US Equity Focus fund. Mr. Ghernati has also overseen the group's selective pre-IPO and private investments. Prior to J.P. Morgan, Mr. Ghernati spent six years at Lord Abbett, where he covered the technology sector for the growth, value, and core strategies.

Patrick McGoldrick, Managing Partner, J.P. Morgan Private Capital: "We see substantial opportunity to continue scaling the Private Capital platform. Rand and Eric will enable us to develop unique strategies across the growth investing continuum as we strive to partner with the world's most innovative companies."

Jed Laskowitz, Global Head of Private Markets and Customized Solutions: "With companies staying private longer, we are seeing an explosion of client interest in the convergence of public and private equity. Rand and Eric's extensive experience across growth markets will be instrumental in delivering differentiated solutions to our clients."

Biographies

Rand Araskog is a Partner for J.P. Morgan Private Capital. He has extensive experience investing in technology companies across public equities, growth equity, and buyout private equity. Most recently, he was a Managing Director at Permira, where he helped build out a dedicated strategy, systems, and team for the Firm's $4B growth fund and led successful public long-only investments. Prior to Permira, he was a Long/Short and Growth Equity Analyst at Coatue, responsible for investments across enterprise software, hardware, and frontier technologies. He began his career in investment banking at Goldman Sachs. Rand holds a B.A. from Duke University and an M.B.A. from Harvard Business School.

Eric Ghernati is a Partner for J.P. Morgan Private Capital. Mr. Ghernati has been with J.P. Morgan Asset Management since 2020, most recently in the U.S. Equity Group where he was responsible for tech strategies across all market caps, including J.P. Morgan Mid Cap Growth and Small Cap Growth. He was also a co-portfolio manager for the J.P. Morgan U.S. Tech Leaders Strategy, including its active ETF vehicle, JTEK, and the US Equity Focus fund. Mr. Ghernati has also overseen the group's selective pre-IPO and private investments. Prior to J.P. Morgan, Mr. Ghernati spent six years at Lord Abbett, where he covered the technology sector for the growth, value, and core strategies. Earlier in his career, Eric worked for 15 years at Bank of America Merrill Lynch as a research analyst covering a variety of industries within the technology sector. Eric holds a B.S. in Finance from San Francisco State University.

About J.P. Morgan Asset Management

J.P. Morgan Asset Management, with assets under management of $4.2 trillion (as of 12/31/2025), is a global leader in investment management. J.P. Morgan Asset Management's clients include institutions, retail investors and high net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity. For more information, visit: www.jpmorgan.com/am

JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America ("U.S."), with operations worldwide. JPMorganChase had $4.4 trillion in assets and $362 billion in stockholders' equity (as of 12/31/2025). The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world's most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

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SOURCE J.P. Morgan Asset Management

NEW YORK, March 27, 2026 /PRNewswire/ -- J.P. Morgan Asset Management today announced the upcoming exchange listing transfer of 14 ETFs from their current exchanges including the NASDAQ Stock Market LLC, NYSE Arca, Inc., and Cboe BZX Exchange, Inc.

As of the exchange opening on April 16, 2026, the listing exchange for each fund will be changed per the following. At that time, all references to the listing exchange will be revised accordingly.

J.P. Morgan Asset Management is the largest issuer of active ETFs globally,¹ reflecting a commitment to delivering innovative investment solutions and strong results for clients.

About J.P. Morgan Asset Management

J.P. Morgan Asset Management, with assets under management of $4.2 trillion (as of 12/31/2025), is a global leader in investment management. J.P. Morgan Asset Management's clients include institutions, retail investors and high net worth individuals in every major market throughout the world. J.P. Morgan Asset Management offers global investment management in equities, fixed income, real estate, hedge funds, private equity and liquidity. For more information: www.jpmorganassetmanagement.com.

JPMorgan Chase & Co. (NYSE: JPM) is a leading financial services firm based in the United States of America ("U.S."), with operations worldwide. JPMorganChase had $4.4 trillion in assets and $362 billion in stockholders' equity as of December 31, 2025. The Firm is a leader in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. Under the J.P. Morgan and Chase brands, the Firm serves millions of customers in the U.S., and many of the world's most prominent corporate, institutional and government clients globally. Information about JPMorgan Chase & Co. is available at www.jpmorganchase.com.

J.P. Morgan ETFs are distributed by JPMorgan Distribution Services, Inc., which is an affiliate of JPMorgan Chase & Co. Affiliates of JPMorgan Chase & Co. receive fees for providing various services to the funds. JPMorgan Distribution Services, Inc. is a member of FINRA. More information is available at https://am.jpmorgan.com/us/en/asset-management/gim/adv/products/etfs.

There is no guarantee, obligation or assurance that any investors will maintain any specific level of investment in the Fund, and such investors have the ability to withdraw their investment at any point in time like any other shareholder of a mutual fund or ETF.

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¹ Data according to Bloomberg as of March 17, 2026.

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SOURCE J.P. Morgan Asset Management