UPDATE: JP Morgan Chase Says One Equity Partners Will Become Independent
June 14, 2013 at 09:05 AM EDT
JPMorgan Chase (NYSE: JPM ) announced today that the partners of One Equity Partners (OEP), the firm's private equity unit, will begin to raise their next fund from an external group of limited partners and become independent from JPMorgan Chase. One Equity Partners currently manages approximately $4.5 billion of investments for JPMorgan Chase