J.P. Morgan's Private Equity fund of funds (JPEL) has snapped up 38 investments from the former Arch Cru portfolios in a deal worth £56.5m.
Software systems developer is the GP's first investment from its £561m CBPE X vehicle
Following the deal, Montefiore retains a minority stake and a seat on the company's board
Following the €20m first close, the Berlin-based VC aims to launch a larger cleantech-focused fund
GP is investing from its £120m SME Fund, which held a final close in July 2018