JPMorgan to raise up to $3 billion for real estate credit opportunity fund

JPMorgan Asset Management is looking to raise $2 billion to $3 billion from institutional investors for the Real Estate Credit Opportunity Fund, according to the source

JPMorgan Chase & Co’s asset-management arm has launched a new fund to take advantage of dislocations in the public and private real estate credit markets, according to a person familiar with the matter.
 

JPMorgan Asset Management is looking to raise $2 billion to $3 billion from institutional investors for the Real Estate Credit Opportunity Fund, according to the person, who asked not to be identified because the information is private.
 

The vehicle will target 10 per cent to 15 per cent net returns investing in bonds and pools of loans tied to commercial real estate, according to documents viewed by