Notice ro Shareholders

RNS Number : 0411W

Bear Stearns Private Equity Limited

05 June 2008

 



Bear Stearns Private Equity Limited 

St Martin's House, Le Bordage, St Peter Port, Guernsey, GY1 4AU 

Regulatory News Service 

London Stock Exchange 

London 

EC2N 1HP 

05 June 2008 

Bear Stearns Private Equity Limited - Notice to Shareholders 

Bear Stearns Private Equity Limited ('BSPEL' or the 'Company') is pleased to announce to its shareholders that the investment management team within Bear Stearns Asset Management Inc. (the 'Manager') that has been responsible for managing the Company since its IPO in 2005, have become part of JPMorgan Asset Management following the acquisition of The Bear Stearns Companies Inc. by JPMorgan Chase & Co.  JPMorgan Asset Management is one of the world's largest asset managers with approximately $1.2 trillion in assets under management.  Both the Manager and the team currently managing the Company, led by Gregory Getschow and Troy Duncan, will continue to be responsible for all of the Company's investment decisions and its other day to day activities. 

About Bear Stearns Private Equity Limited 

Bear Stearns Private Equity Limited is a Guernsey registered and incorporated, London Stock Exchange-listed, closed-ended investment company (LSE: BPLE) 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. As at 31 March 2008, the Company's investment portfolio consisted of 100 separate fund investments with exposure to over 1,000 companies in 35 different countries across Europe. Asia and North America. 

On 31 May 2008, JPMorgan Chase & Co. announced that it has completed the acquisition of The Bear Stearns Companies Inc., effective 11:59 p.m. EDT on May 30, 2008.

Further information about the acquisition of The Bear Stearns Companies Inc. by JPMorgan Chase & Co. can be found at www.jpmorganchase.com 

ENQUIRIES: 

HSBC Management (Guernsey) Ltd 

+ 44 (0) 1481 759 000 

Anthony Payne, Peregrine Communications 

Tel: [phone] 

Mobile: [phone] 

[e-mail] 

Paul Mungo, Peregrine Communications 

Tel: [phone] 

Mobile: [phone] 

[e-mail] 

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