JPMorgan has put in a senior banker to deal with producing know-how offers from non-public fairness and enterprise capital funds as banks search for new methods to faucet into the fast-growing sector.
The US financial institution has named Sidharth Punshi as a consumer govt for its strategic investor group in Europe, the Center East and Africa, in accordance with an inner memo seen by Monetary Information.
His function will imply working with enterprise capital and development funds targeted on the know-how sector. Funding banks are more and more on the lookout for methods to interact with high-growth know-how companies in a bid to develop relationships at an earlier stage, later helpful as corporations’ financing wants develop into extra advanced.
“Sid will even assist drive our Tech IB origination agenda with the know-how groups inside our current monetary sponsor purchasers, together with with the Development Fairness funds plenty of them have began,” the memo from Ina De and Klaus Hessberger, who co-head JPMorgan’s strategic investor group in Emea.
Punshi will report into De and Hessberger, however will even work intently with Matthew Gehl and Xavier Bindel, who co-head know-how funding banking at JPMorgan in Emea.
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