REG - JPEL Private Equity - Directorate Change

JPEL Private EquityAnnouncement

13/12/2022 17:15

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RNS Number : 5968J  JPEL Private Equity Limited  13 December 2022

JPEL Private Equity Limited

Ground Floor

Cambridge House

Le Truchot, St Peter Port

Guernsey, GY1 1WD

www.jpelonline.com (http://www.jpelonline.com)

 

 

 

DIRECTOR UPDATE

 

 

 

GUERNSEY, 13 DECEMBER 2022

 

 

It is with great sadness that we announce the passing of our colleague, Chris
Spencer.  Mr. Spencer was a member of JPEL's Board since its inception in
2005 and was an integral part of the Company's history and will be dearly
missed.

 

The Board of JPEL has appointed Tim Wilson as an interim Director to fill the
vacancy with immediate effect from 13 December 2022. Further information
regarding Mr. Wilson is set forth below:

 

Tim joined the board of IQ EQ Fund Services (Guernsey) Limited in April 2019
following seven years as a Director of State Street (Guernsey) Limited- the US
alternative asset fund administrator.

Tim holds directorships on un-listed entities within both regulated and
un-regulated Guernsey fund structures across real estate, private equity, PE
Fund of Funds and Infrastructure.

Tim is a Fellow of the Association of Chartered Certified Accountants and
holds a BSc Honours Degree from Royal Holloway, University of London.  Tim
began his career in Audit & Advisory with PricewaterhouseCoopers in 2000
and after completing his training contract, joined Kleinwort Benson as a
Client Accountant in 2004, quickly becoming Channel Islands Head of Fund
Accounting by 2006 where he stayed until 2012, assimilating a deep
understanding of fund administration, corporate governance, accounting and
financial reporting across private equity, real estate and London listed
funds.

 

In accordance with paragraphs 9.6.13 (1) to (6) of the Listing Rules, it is
confirmed that there are no additional details to be disclosed in relation to
Mr Wilson.

 

Mr. Wilson is not considered as independent for the purposes of Listing Rule
15.2.11 by virtue of the services that the IQ EQ group provides to other funds
managed or advised by members of the group which comprises the Company's
investment manager. Following the appointment of Mr. Wilson, JPEL's Board will
continue to be comprised of a majority independent non-executive board members
in compliance with Listing Rule 15.2.11.

 

 

About JPEL Private Equity Limited

 

JPEL Private Equity Limited is a Guernsey registered and incorporated, London
Stock Exchange-listed, closed-ended investment company (LSE: JPEL) designed
primarily to invest in the global private equity market.  The investment
objective of the Company is to achieve both short and long-term capital
appreciation by investing in a well-diversified portfolio of private equity
fund interests and by capitalising on the inefficiencies of the secondary
private equity market.

 

ENQUIRIES:

 

FCF JPEL Management LLC

JPELClientService@fortress.com (mailto:JPELClientService@fortress.com)

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