Bear Stearns Private Equity, the London-listed buy-out business of the stricken US investment bank, is to be renamed JPMorgan Private Equity (JPEL) in a move its chief hopes will mark the end of a turbulent few months.

Gregory Getschow, the New York-based manager of the $600m fund of private equity holdings that listed three years ago, said JPEL is one of the few Bear Stearns businesses that remained successful in the run-up to JPMorgan’s dramatic rescue.