J.P. Morgan (JPM) Asset Management said Monday it raised $2.4bn at its final closing for Lynstone Special Situations Fund, exceeding its $2bn target.

The Lynstone II fund is the second fund from JPM's Global Special Situations team that has $3.5 billion in assets under management. The GSS team is led by Co-CIOs Leander Christofides and Brad Demong. The GSS te