Shares in U.S. banking giant JPMorgan (JPM) edged higher on Friday after it announced launching a new advisory team to chase private market deals.
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The largest American lender said it has created a hybrid team called Private Capital Advisory & Solutions to help businesses raise funds from private markets.
The move comes as investment banks and asset managers alike continue to race to tap into the shift toward fundraising in private markets. For instance, BlackRock (BLK), the world’s largset asset manager, is looking to raise $400 billion by 2030 for its private market strategy.
In 2025, new equity issuance in the U.S. rose for the third consecutive year, with 55% more initial public offering (IPO) deals completed in that year, according to S&P Global Market Intelligence (SPGI). However, the aggregate proceeds of $75.5 billion raised by companies from their IPOs is dwarfed by the record $150 billion AI startups raised in the same year, led by heavyweights such as OpenAI and Anthropic.