Persephone in the News

J.P. Morgan managing director to launch PE firm

Jay Lifton, a managing director in the distressed debt group at J.P. Morgan in New York, has left and is preparing to launch a middle-market private equity firm. The new outfit, Persephone Capital Partners, will invest in under-utilized or under-performing assets in the energy, healthcare and defense sectors. Potential energy investments include compressed natural gas, fuel cells, methanol and power projects. Persephone Capital will have offices in New York and Houston and is expected to launch in July, SparkSpread has learned. At J.P. Morgan, Lifton was responsible for distressed debt investments in the energy and alternative energy sectors. Prior to J.P. Morgan, he was part of the restructuring group at Bank of New York. Lifton declined comment.