JPMorgan Raises $1.2 Billion For Social Media Fund

25 February, 2011

Venture capital funds have launched social media funds, now even big boys in the private equity world are raising special vehicles for investing in the social media space. Call it the Facebook, Groupon or Twitter effect. Global investment bank JP Morgan has raised a $1.2 billion fund to invest in the digital space, reports Dealbook, quoting a regulatory filing.

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JPMorgan Raises $1.2 Billion For Social Media Fund

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