PricingDirect and Aumni Partner to Deliver Independent Valuations for Private Equity Securities
PricingDirect, Inc. ("PricingDirect") and Aumni, Inc. ("Aumni"), both wholly owned subsidiaries of JPMorgan Chase & Co., are pleased to announce a strategic partnership aimed at providing investors with independent valuations of private equity securities. This collaboration leverages the strengths of both entities to offer a comprehensive solution that enhances transparency and efficiency in the valuation process, helping investors navigate the complexities of private equity investments.
By combining PricingDirect's expertise in evaluated pricing and Aumni's private market expertise and advanced data analytics capabilities, the partnership offers investors the ability to receive valuations that are both reliable and aligned with industry standards.
"In the past few years, we've witnessed a significant increase in allocations to alternative assets. With over two decades of valuation experience in public markets, we are delighted to deliver solutions for private equity valuations to managers and allocators," said Neil Hyman, CEO of PricingDirect. "With the powerful combination of PricingDirect's valuation expertise and Aumni's leading private market data structuring capabilities and insights, we can bring streamlined and tech-enabled capabilities to private markets participants," Hyman added.
The partnership is designed to assist investors in complying with the Financial Accounting Standards Board's ASC 820 and in meeting the requirements of the U.S. Securities and Exchange Commission's Rule 2a-5, which governs the fair valuation of fund investments. A key component of this partnership is the integration of Aumni's market leading private investment structuring capabilities and Market Insights product. By utilizing this innovative tool, PricingDirect is able to deliver more informed and precise valuations, ensuring fair value calculations incorporate trends in private market valuations.
"We are excited to join forces with PricingDirect to deliver a solution that addresses the critical need for independent valuations in the venture capital and private equity space," said Alex Woodgate, Head of Corporate Development and Data Solutions at Aumni.
The partnership underscores J.P. Morgan's commitment to being the leading bank for the Innovation Economy. The firm is uniquely positioned to serve the global innovation ecosystem, from venture capital firms and their general partners to startups and high-growth companies. With dedicated teams focused on industries such as technology, fintech, life sciences, and climate tech, J.P. Morgan delivers deep industry expertise and comprehensive solutions across its Commercial & Investment Bank and Private Bank. By leveraging its robust network of investors and partners, J.P. Morgan supports companies from inception through IPO and beyond, reinforcing its role as a steadfast supporter of the Innovation Economy.
About PricingDirect, Inc.
PricingDirect is a wholly-owned subsidiary of JPMorganChase that provides evaluated pricing and analytics for nearly 3MM fixed income cash and derivative instruments across all global markets and more than a dozen snapshots every day. PricingDirect services approximately 3,000 clients globally across a broad spectrum of financial services related companies including asset managers, mutual fund complexes and custodians, banks, broker dealers, hedge funds, insurance companies, and many others. PricingDirect is the pricing agent for the J.P. Morgan family of fixed income indices. PricingDirect has offices in New York, London, Hong Kong and Singapore.
For more information, please visit: https://www.pricing-direct.com/
About Aumni, Inc.
Aumni, a J.P. Morgan company, is a leading provider of venture capital data and portfolio solutions. Venture firms, limited partners, fund administrators, and law firms use Aumni's features to collect, structure, monitor, analyze, report on, and manage portfolio company documents and data – allowing clients to track KPI performance, summarize LPA terms, conduct scenario modeling, analyze market insights for benchmarking, and more. Aumni was founded in 2018 and acquired by J.P. Morgan in 2023. For more information, please visit: www.aumni.fund
About J.P. Morgan's Commercial & Investment Bank
J.P. Morgan's Commercial & Investment Bank is a global leader in banking, payments, markets and securities services. Start-ups, companies, governments and institutions entrust us with their business in more than 100 countries worldwide. With $35.8 trillion of assets under custody and $966 billion in deposits, the Commercial & Investment Bank provides strategic advice, raises capital, manages risk, offers payment solutions, safeguards assets and extends liquidity in global markets. Further information about J.P. Morgan is available at www.jpmorgan.com.
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