One Equity Partners to Spin Out from JPMorgan Chase

One Equity Partners to Spin Out from JPMorgan Chase

One Equity Partners (OEP), the private equity unit of JPMorgan Chase, will begin to raise its next fund from an external group of limited partners and become independent from JPMorgan Chase. OEP will continue to make direct investments for JPMorgan Chase for an interim period and will continue to manage its existing group of portfolio companies.

“I have worked with the team at OEP for the past 12 years and have a lot of respect for all that they have accomplished and the great value they have delivered to the firm,” said Jamie Dimon, Chairman and CEO of JPMorgan Chase. “Going forward, I am confident they will continue to be extremely successful.”

One Equity Partners currently manages $4.5 billion of investments for JPMorgan Chase in direct private equity transactions. One Equity Partners invests $50 million to $250 million per transaction. Sectors of interest include defense, chemicals, healthcare, technology and manufacturing. The firm is led by Dick Cashin, Managing Partner, and has offices in New York, Chicago, Frankfurt, Vienna, Hong Kong and São Paulo (

“The One Equity team has produced strong returns over the years and we have been extremely pleased with their results,” said Matt Zames, Chief Operating Officer of JPMorgan Chase. “They have helped grow some great companies. The time is right for them to seek new capital to strengthen their global strategy, as they continue to manage our existing portfolio to maximize value to the firm.”

© 2013 PEPD • Private Equity’s Leading News Magazine • 6-19-13

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