J.P. Morgan Partners announces addition of new partners
New York, July 2, 2002 –– JPMorgan Partners (JPMP), the private equity arm of J.P. Morgan Chase & Co. (NYSE: JPM), announced today the addition of two partners and one managing director to the organization. The addition of a new partner in London and one in San Francisco and a managing director in New York will continue to develop JPMP’s commitment to the industrial, software development and real estate sectors respectively.
"JPMorgan Partners is pleased to introduce the newest senior members of our investment team and feel that each of these individuals will make a valuable contribution toward the execution of our global business strategy," Jeffrey Walker, Managing Partner of JPMorgan Partners said. "Each of these three dynamic individuals brings a key expertise to our firm which we believe will help us to grow our business and extend our leadership position in the private equity marketplace," Walker said.
Thomas Walker, who joins JPMP as a partner in London, previously served as Managing Director and head of financial sponsor coverage for J.P. Morgan Chase & Co. in the European region. In his role as head of financial sponsor coverage for the bank, Walker managed a team of ten professionals based in London, Paris and Frankfurt and was a key player in many of Europe’s most important leveraged buyout transactions in the last few years. Prior to joining the bank in 1994, Walker started Chemical Bank’s high yield business in New York. Walker has also served as Vice President in the high yield investment banking division of First Boston Corporation and has worked in a diverse group of product areas in the banking field including mergers and acquisitions, high yield and equities. Walker will focus on middle-market industrial sector buyouts in the European region.
Buck French will join JPMP in San Francisco as a partner. French will focus on developing JPMP’s enterprise software investment portfolio, specifically looking at investing in companies that focus on software infrastructure and applications. French is well known in the software arena as a successful entrepreneur and chief executive officer who raised $37 million in three rounds of venture funding for his own start-up OnLink Technologies that he sold to Siebel Systems for $600 million in August 2000. French joins JPMP after serving as Vice President and General Manager of Siebel Systems’ Interactive Selling Group, Siebel’s third largest horizontal business unit and supervised market launches of six individual product lines.
Greg Carney has joined JPMP’s real estate group as a Managing Director and will direct the portfolio management of JPMP’s real estate investments. Carney, formerly served as Senior Vice President and head of International Asset Management for Starwood Capital Group. While at Starwood, Carney was a senior member of the firm's acquisitions and asset management teams and had direct responsibility for investment management activities across a $650 million portfolio of office, residential, hotel and land development projects in Europe, Asia and the U.S. Carney will play a lead role in the development and implementation of a portfolio-wide investment management program, focused on integrating real-time risk evaluation and management, joint venture partner performance measurement and monitoring, and strategic decision making at the asset and portfolio levels. Carney will be based in the New York headquarters of JPMP.
About JPMorgan Partners
JPMorgan Partners (JPMP), formerly Chase Capital Partners, is a global partnership with over $30 billion under management. It is a leading provider of private equity and has closed over 1,800 individual transactions since its inception in 1984. JPMP has more than 160 investment professionals in eight offices throughout the world. JPMorgan Partners’ primary limited partner is J.P. Morgan Chase & Co. (NYSE: JPM), one of the largest financial institutions in the United States. For additional information, please visit our website at www.jpmorganpartners.com.