JPMorgan forms new advisory group to tap boom in private markets

• The team will be led by Keith Canton (20+ years experience) and combines JPMorgan's private capital advisory and M&A capabilities, reporting to global heads of advisory and capital markets
• Formation reflects the growing importance of private markets as companies stay private longer even with valuations topping S&P 500 averages, prompting banks to address capital-raising needs outside public markets
• JPMorgan maintained its position as the world's top investment bank with highest fees in 2025, according to Dealogic data

JPMorgan Forms Private Markets Advisory Group to Capture Growing Sector

Key Development:

JPMorgan Chase has established a new advisory team called "Private Capital Advisory & Solutions" to help companies and sponsors raise capital from private markets, strengthening its position in the rapidly expanding alternative asset class.

Leadership:

Keith Canton, who joined JPMorgan in 2015 and previously led the Americas equity capital markets team, will head the new division. He brings over 20 years of experience and will report to Anu Aiyengar (global head of advisory and M&A) and Kevin Foley (global head of capital markets). Tilman Pohlhausen will oversee private capital advisory efforts globally under Canton's leadership.

Market Context:

The move addresses a significant market shift where high-profile companies like OpenAI and SpaceX remain private longer despite valuations exceeding the S&P 500 average. This trend has created substantial demand for capital raising outside traditional public markets. JPMorgan began offering banking services to these companies last year.

Strategic Rationale:

According to Aiyengar, "Private markets are a strategic priority for J.P. Morgan, and as they continue to grow in importance, scale and complexity, they are fundamentally reshaping the capital landscape." The new team will integrate JPMorgan's private capital advisory capabilities with its M&A business.

Competitive Position:

JPMorgan maintained its leadership as the world's top investment bank, earning the highest fees in 2025 according to Dealogic data.

Market Implications:

This organizational move reflects Wall Street's broader pivot toward private markets as companies delay IPOs, creating opportunities for banks to generate advisory and financing fees in the alternative assets space.