HM Capital Partners outsources to JP Morgan

Dallas-based HM Capital Partners, the investment management firm with $1.6 billion under management, is to outsource its administration services to JP Morgan Private Equity Fund Services (PEFS). HM Capital's fund administration team will become part of JP Morgan PEFS and will support HM Capital as a third-party administrator, managing its fund accounting, investor tracking, tax support services, and financial reporting. JP Morgan claims this move represents one of the largest outsourcing agr