Investment announcement
JPMorgan Chase said October 19 that it had deployed $5 billion in equity investments through its Strategic Investment Group during the first year of its Security and Resiliency Initiative. The bank also said it had financed or facilitated more than $230 billion in transactions under the initiative.
The investments support companies working in areas including defense technology, battery storage and automated manufacturing. The bank's broader initiative aims to finance, facilitate and invest $1.5 trillion over a decade in industries it identifies as important to economic resilience and national security.
The $5 billion figure describes direct equity investments. The larger financing figure includes transactions the bank financed or helped arrange; it is not an additional $230 billion of direct equity investment. Both figures are the bank's account of activity during the initiative's first year.