Tender Offer - JPMorgan Private Markets Fund
Form Type: SC TO-I/A
Filing Date: 2025-05-22
Corporate Action: Tender-offer
Type: Update
Accession Number: 000119312525124928
Filing Summary: This document serves as a final amendment to the Issuer Tender Offer Statement by JPMorgan Private Markets Fund. The Fund offered to purchase an aggregate amount of up to approximately 5.00% of its net assets as of December 31, 2024, which is $40,745,879.82, for its Class S, Class D, and Class I Shares. The tender offer was initially filed on February 14, 2025, and expired on March 17, 2025, at 11:59 p.m. Eastern Time. A total of 73,641.770 Class I Shares and 31,745.550 Class S Shares were validly tendered and not withdrawn prior to the expiration, with 100% of the tendered shares accepted for purchase. The net asset value per Class I share was calculated at $16.2951, and for Class S shares at $13.1002. This filing serves to report these results and the status of the tender offer.
Additional details:
Class S Shares Tendered: 31745.550
Class I Shares Tendered: 73641.770
Class S Net Asset Value: 13.1002
Class I Net Asset Value: 16.2951
Total Fund Asset Value: 40745879.82
Form Type: SC TO-I
Filing Date: 2025-05-16
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525121523
Filing Summary: JPMorgan Private Markets Fund is initiating a tender offer to repurchase up to approximately 5.00% of its net assets as of March 31, 2025, allowing shareholders to tender their shares at the net asset value calculated on June 30, 2025. For the tender offer, shareholders are required to submit their tenders by 11:59 p.m. Eastern Time on June 13, 2025, with the possibility of extension by the Fund's Board. The Fund's net assets were valued at $999,152,815.45 on March 31, 2025, with 69,693,730.885 shares outstanding across three classes. Class S, D, and I shares have net asset values of $13.1002, $12.1134, and $16.2951 respectively. The tender may involve an Early Repurchase Fee of 2.00% for shares held less than 12 months. The repurchase will be fully paid in cash, with conditions permitting adjustments based on audit outcomes or unforeseen liabilities. Shareholders wishing to participate must complete the necessary procedures and notice before the end of the tender period, and the Offer is subject to cancellation or amendment until the Notice Due Date.
Additional details:
Share Class: Class S
Share Class: Class D
Share Class: Class I
Net Asset Value: 999152815.45
Shares Outstanding: 69693730.885
Tender Offer Expiration Date: 2025-06-13
Early Repurchase Fee: 2.00%
Form Type: SC TO-I/A
Filing Date: 2025-02-21
Corporate Action: Tender-offer
Type: Update
Accession Number: 000119312525031650
Filing Summary: JPMorgan Private Markets Fund filed a Final Amendment to its Issuer Tender Offer Statement on Schedule TO, originally filed on November 15, 2024. The amendment reports the conclusion of the tender offer which allowed the Fund to purchase up to approximately 5.00% of the net assets of the Fund as of September 30, 2024, totaling $32,027,713.54. The tender offer expired on December 12, 2024, at 11:59 p.m. Eastern Time. A total of 18,945.972 Class I Shares were validly tendered and accepted by the Fund, representing 100% of the Shares that were tendered without withdrawal prior to the expiration. The net asset value per Class I Share tendered was determined to be $15.8345 as of December 31, 2024. This filing does not modify any previously reported information and serves to clarify the results of the Offer.
Additional details:
Date Tender Offer First Published: 2024-11-15
Offer Expiration Date: 2024-12-12
Class I Shares Tendered: 18,945.972
Class I Shares Accepted: 100%
Net Asset Value Per Class I Share: 15.8345
Form Type: SC TO-I
Filing Date: 2025-02-14
Corporate Action: Tender-offer
Type: New
Accession Number: 000119312525026913
Filing Summary: JPMorgan Private Markets Fund is initiating a tender offer to repurchase Shares, up to approximately 5.00% of its net assets as of December 31, 2024. The fund's net asset value was reported at $814,917,596.45, with a total of 58,537,147.043 Shares outstanding. Shareholders can tender their Shares until 11:59 p.m., Eastern Time on March 17, 2025. The net asset values for each Class of Shares as of the close of business on December 31, 2024 are $12.7500 for Class S, $11.7776 for Class D, and $15.8345 for Class I. There may be an Early Repurchase Fee of 2.00% for Shares tendered before a year of ownership. Payment for accepted repurchase will occur within 65 days after the Notice Due Date and will be adjusted post-audit. The document outlines that the Offer is available to all shareholders, with provisions for withdrawal of tenders before expiration.
Additional details:
Name Of Filing Person: JPMorgan Private Markets Fund
Title Of Class Of Securities: Class S Shares
Cusk Number Class S: 48130F108
Title Of Class Of Securities 1: Class D Shares
Cusk Number Class D: 48130F207
Title Of Class Of Securities 2: Class I Shares
Cusk Number Class I: 48130F306
Net Asset Value: 814917596.45
Shares Outstanding: 58537147.043
Minimum Account Balance: 10000
Early Repurchase Fee: 2.00%
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