REG - JPEL Private Equity - Appointment of Directors

JPEL Private EquityAnnouncement

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RNS Number : 2626A  JPEL Private Equity Limited  14 April 2026

JPEL Private Equity Limited

60, Fourth Floor

Plaza House

Admiral Park

St Peter Port, Guernsey, GY1 4BF

www.jpelonline.com
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14 April 2026

JPEL Private Equity Limited

(the "Company" or "JPEL")

 

Appointment of Directors

 

Further to the Company's outlined orderly Board succession plan, as announced
on 2 December 2025, JPEL Private Equity Limited is pleased to announce the
appointment of two Non-Executive Directors who will join the Board with
immediate effect.

 

Roy Barrett

Roy Barrett is appointed as an Independent Non-Executive Director and Chair
Designate. He is a business leader with more than 30 years' experience. He
served as Chief Executive Officer of Goodbody, one of Ireland's leading
stockbroking firms, from 1996 to 2021, and subsequently became Chief Executive
Officer of CastleGate Investments, a large single‑family office, from 2021
to 2024. Roy has held several executive and non‑executive positions,
including Chair of Cluid Housing, Independent Director of Bohemians Football
Club, Chair of the Football Association of Ireland (2020-2023) and Chair of
Sherry FitzGerald, a real estate advisory firm (2022-2024).

 

It is expected that Roy Barrett will become the Chair of the Company in due
course, ensuring adequate time to effect an orderly transition.

 

Mark Ambrose

Mark Ambrose is appointed as a Non-Independent Non-Executive Director. He has
20 years' experience in financial markets, including at Atlas Capital Group,
ABN Amro, CLSA (UK) and LingBridge. Mark spent almost 10 years as a desk
strategist and specialist salesman on the investment companies team at
Jefferies in London before joining Staude Capital Ltd in March 2020, where he
is a current board member. Staude Capital Pty Ltd 1  is investment manager to
funds holding 1,771,194 shares (10.36%) 2  in JPEL. Therefore, Mark is not
considered to be an independent director within the meaning of the AIC Code of
Corporate Governance.  Mark holds a MSc in Applied Mathematics from Imperial
College London as well as a BSc in Mathematics from Northumbria University,
and is a CFA Charterholder.

 

Anthony Dalwood, Chairman of JPEL, commented "On behalf of the Board, I am
delighted to welcome Roy and Mark to the JPEL Board. Roy brings an exceptional
track record in strategic leadership and governance across a breadth of
financial services and other sectors, whilst Mark brings investment experience
alongside deep knowledge and significant experience in the investment
companies sector. Together, they will provide valuable perspectives that
complement the Board's existing strengths as we continue to execute on the
Company's shareholder-agreed strategy and focus on delivering long‑term
value for all shareholders."

 

There is no other information required to be disclosed under UK Listing Rule
6.4.8.

 

Following these appointments, the Board will comprise four directors, of whom
three are independent.

 

 

*                          *                  *

 

 

About JPEL Private Equity Limited

JPEL Private Equity Limited ("JPEL" or the "Company") is a Guernsey registered
and incorporated closed-ended investment company with shares admitted to
trading on the Main Market of the London Stock Exchange (LSE: JPEL). The
investment advisor of the Company is FCF JPEL Management LLC (the "Manager").
The Manager is a Delaware limited liability company and an affiliate of
Fortress Investment Group LLC ("FIG" or "Fortress"). The Manager is a "relying
advisor" of Fortress, pursuant to applicable SEC guidance. The Manager is
effecting an orderly realisation of the investments and other assets comprised
in the Company's portfolio and will seek to realise such investments and
assets in order to maximise returns. JPEL has returned $537.6 million to US$
Equity Shareholders, or approximately 112% and 141% of the Company's 31
October 2016 NAV and market capitalization, respectively. The Board and the
Manager continue to look at all options that they believe will maximise
shareholder value for the assets individually and the Company as a whole.

 

 

ENQUIRIES:

 

 FCF JPEL Management LLC                                 JPELClientService@fortress.com (mailto:JPELClientService@fortress.com)
 Shore Capital - Financial Adviser and Corporate Broker  +44 (0) 20 7601 6128

 Gillian Martin / Anita Ghanekar (Corporate Advisory)

 Fiona Conroy (Corporate Broking)

 

 

 1  Staude Capital Ltd is investment adviser to Staude Capital Pty Ltd

 2  As of 31 January 2026

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