JPMorgan Global Core Real Assets Ltd is a closed-end investment company that provides private investors access to over 700 high-quality real assets worldwide across real estate, transportation, infrastructure, and listed real assets. Launched in September 2019 and domiciled in Guernsey, it originally aimed to generate income and capital appreciation through a globally diversified portfolio, targeting a total return of 7-9% annually net of fees, including a 4-6% dividend yield once fully invested. Core assets are defined by their predictable, long-term income profiles exceeding five years, offering diversification uncorrelated with equities and bonds, stable income potential, and inflation linkage. The strategic allocation includes 30-50% in global core real estate (focused on logistics, residential, and office in primary markets), 10-30% each in global core transport, infrastructure, and listed real assets, with geographic exposure spanning North America (57%), APAC (21%), Europe (16%), and the UK (3%). Managed by J.P. Morgan Asset Management with over 50 years of alternatives expertise, it emphasizes high-quality counterparties, developed markets, moderate leverage, and minimal development risk. As of late 2025, the company has entered a managed wind-down to realize assets orderly and return capital to shareholders.