Investing.com - JPMorgan Chase & Co. hired Will Boyle from Morgan Stanley to lead its team advising private equity firms on structuring private deals, according to Keith Canton, the bank's global head of private capital advisory and solutions.

Boyle will serve as global head of secondary advisory in New York, reporting to Canton. He will work with the bank's strategic investors group mergers and acquisitions team to advise financial sponsors and institutional investors on private market deals, including secondary sales and continuation vehicles.

The hire aims to capture what Canton described as a $100 billion opportunity where financial sponsors execute deals that provide investors with liquidity beyond traditional sales or initial public offerings. Boyle will work with more than 40 people globally dedicated to private capital markets at JPMorgan.

"The private placement secondary market is $200 billion to $225 billion in size, with the general partner-led portion close to $100 billion, and that's what we're targeting," Canton said.

Canton noted that JPMorgan expects the IPO market to reach $60 billion in 2026, excluding rumored mega IPOs, with sponsor-backed IPOs representing about a third of that volume.

"We're having a number of conversations with investors who are looking to provide solutions to sponsors who may need to think creatively about a partial or potential full exit from their portfolio companies," Canton said.

Boyle spent almost five years at Morgan Stanley, most recently as the bank's global head of private capital advisory. He previously worked at PJT Partners and GSO Capital Partners, according to his LinkedIn profile.