Russian private equity firm Marshall Capital Partners has tapped J.P. Morgan Worldwide Securities Services to provide them with equity fund administration. J.P. Morgan’s Private Equity Fund Services already provides administration services worldwide for more than 200 funds with USD 200 billion in assets, but the Marshall Capital agreement is the company’s first deal of this nature in Russia.
The two firms have previously done business together, with J.P. Morgan Treasury & Securities Services currently providing escrow and cash management to Marshal Capital. Marshall’s managed assets in Russia are valued at roughly USD 2.5 billion, with its investors including Russian institutional and international investors. J.P. Morgan’s quality of service, combined with it’s global reputation and strength in business relationships helped convince Marshall that they were the right choice for the job.
Marshall Capital Partners (www.marcap.ru)
Marshall Capital Partners currently controls an asset portfolio worth USD 2.5 billion. The private equity group focuses on investments in Russia and CIS countries, and serves private and corporate Russian and foreign institutional investors in various economic sectors, including consumer goods and retail, media and telecommunications, real estate, hotel business, and machinery, among others.