Spotlight on Tyler Jayroe and Spencer Kubin, Private Equity Group, J.P. Morgan Asset Management
Global Thought Leader Spotlight
Tyler Jayroe, Managing Director & Portfolio Manager, Private Equity Group, J.P. Morgan Asset Management
Spencer Kubin, Portfolio Manager, Private Equity Group, J.P. Morgan Asset Management
Tyler and Spencer are both Portfolio Managers within J.P. Morgan Asset Management’s Private Equity Group (PEG), which has more than 40 years of dedicated private equity investing experience and US$33 billion in assets under management.
The private equity group manages more than 250 active GP relationships and has executed 1,300+ deals since its establishment in 1980 across various investment types. PEG’s solutions focus on the small to mid-market and pursue the achievement of outsized returns relative to large and mega markets.
Expanding accessibility to private equity investing
Private equity has historically only been offered to large institutional investors and ultra-high net worth families given the large minimum investment requirements, stringent investor eligibility, and high operational hurdles. This is changing in the current market landscape.
High-quality managers with decades of experience have begun to offer evergreen entry points to their platforms, thus making private equity exposure more accessible at lower minimums, with more reasonable investor eligibility standards, and simplified operations (monthly subscriptions, quarterly repurchases, and increased transparency).
The rise of private equity vs public equity
With companies staying private for longer and many established companies being taken private, the public equity universe is dwindling.
Between 1997 and 2022, the number of publicly listed companies has fallen by over 40% in the US and by over 60% in the UK. Consequently, public equity now represents only 15% of the total equity universe, with private equity comprising the remaining 85%.
Private equity’s potential for enhanced returns
By investing in private companies, particularly at earlier stages, private equity firms capture the growth and value creation of these businesses in a way that is not available through public markets. This ability to invest in high-potential, fast growing businesses before they go public is a key driver of private equity’s potential for enhanced returns.
Spencer will be presenting at Global Investment Institute’s upcoming Family Office Investment Forum - Sydney, taking place on Tuesday, 15 October 2024, Sydney CBD, New South Wales.
Tyler will be presenting at Global Investment Institute’s upcoming Family Office Investment Forum - Melbourne, taking place on Thursday, 17 October 2024, Melbourne CBD, Victoria.
To register your interest in attending, click here or for more information email zlatan@globalii.com.au.
Tyler Jayroe, Managing Director & Portfolio Manager, Private Equity Group, J.P. Morgan Asset Management
Tyler is Managing Director, Portfolio Manager in the Private Equity Group of J.P. Morgan Asset Management. Prior to joining the Group in 2005, he worked as an Executive Compensation Consultant for Aon Consulting, where he helped large companies design performance-based pay packages for their top executives. He previously worked in a variety of capacities for Actuarial Sciences Associates, an employee benefits and compensation consulting firm.
Tyler holds a BA, magna cum laude, from Vanderbilt University and an MBA from the University of Virginia. Currently, Tyler serves on numerous private equity fund advisory committees and as an observer on certain portfolio company boards of directors.
Spencer Kubin, Portfolio Manager, Private Equity Group, J.P. Morgan Asset Management
Spencer joined the J.P. Morgan Private Equity Group (PEG) in 2018 and has portfolio management and business development responsibilities. At J.P. Morgan, Mr. Kubin is a Portfolio Manager for the JPMorgan Private Markets Fund, an evergreen, SEC-registered, Tender Offer Fund focused on private equity. Within PEG, Mr. Kubin is a member of the PEG Portfolio Construction Team, which is responsible for guiding portfolio construction across funds and separate account mandates.
Prior to joining PEG, Spencer focused on business development and investor relations at Conatus Capital Management LP. Prior thereto, he worked at BlackRock Alternative Advisors and began his career at Ernst & Young.
He holds a BS in Finance and Accounting from Miami University, is a CFA charterholder and Certified Public Account (non-practicing), and holds Series 3, 7, and 63 licenses.
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