JPMorgan Hires Banker for Private Financing


JPMorgan Chase has hired a senior banker to lead the firm’s effort to provide private financing for companies like hot Silicon Valley start-ups, the bank announced in an internal memorandum on Monday.

The firm has poached Keith Canton, who will become head of private capital markets with an emphasis on so-called equity private placements when he joins the firm in August.

Private financing has become an increasingly prominent business, as investors ranging from hedge funds to mutual funds look to pour money into private companies. Start-ups like the car ride service Uber and the messaging app Slack have been announcing fund-raising rounds from these investors more and more frequently amid that flood of cash…

JPMorgan Hires Banker for Private Financing

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