JPMorgan Worldwide Security Services, the fund services giant of New York-based JPMorgan Chase, has launched a new business unit that will offer a complete line of outsourced fund administration services to private equity firms and institutional limited partners.

According to company officials, its newly formed JPMorgan Private Equity Fund Services will provide middle- and back-office outsourcing of fund administration services, like fund and partnership accounting, tax support and reporting services to private equity firms and limited partners. Complementary services, such as transaction advisory, cash management, credit products, escrow, custody, foreign exchange and derivatives will also be provided to private equity clients.

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