Private Equity
The bank slashed the minimum buy-in down from $10 million. : (Bloomberg) --JPMorgan Chase & Co. plans to offer sophisticated investments to a much broader clientele. The bank is slashing requirements to participate in certain alternative investments that its asset management arm once offered mainly to institutions or the ultra rich. That will allow it to accommodate more allocations made through registered investment advisers. The new minimum buy-in will be $100,000, down from $10 million previously, according to the New York-based firm. Some additional accreditation requirements will still apply.