EX-21.1

Exhibit 21.1
JPMorgan Chase & Co.

List of Subsidiaries


JPMorgan Chase had the following subsidiaries at December 31, 2005:			Percentage
			of voting
			securities
			owned by
	Organized under the		immediate
Name		laws of	parent

BOI Leasing Corporation		Indiana		100	%
Banc One Building Management Corporation		Wisconsin		100
Banc One Capital Holdings Corporation		Ohio		100
BOCP Holdings Corporation		Ohio		100
BOCF, LLC		Delaware		80	^(a)
BOCNY, LLC		Delaware		100
BOME Investors, Inc.		Delaware		100
Banc One Capital Partners BC, LLC		Ohio		80
Banc One Capital BIDCO-1998, LLC		Louisiana		100
Banc One Capital Partners Holdings, Ltd.		Ohio		100
Banc One Capital Partners II, LLC		Delaware		100
Banc One Capital Partners, LLC		Delaware		100
Banc One Capital Partners IV, Ltd.		Ohio		100
Banc One Capital Partners V, Ltd.		Ohio		100
Banc One Capital Partners VI, Ltd.		Ohio		100
Banc One Stonehenge Capital Fund Wisconsin, LLC		Delaware		100
Tax Credit Acquisitions II, LLC		Ohio		100
Banc One Securities Corporation		Ohio		100
Chase Investment Services Corp.		Delaware		100
Banc One Deferred Benefits Corporation		Ohio		98
Banc One Financial LLC		Delaware		100
JPMorgan Capital Corporation		Delaware		100
Bank One Investment Corporation		Delaware		100
OEP Holding Corporation		Delaware		100
OEP Management LLC		Delaware		93.75
One Equity Partners II, L.P.	Cayman Islands, BWI			99.9
One Equity Partners LLC		Delaware		99.8
First Chicago Capital Corporation		Delaware		100
JPMorgan Capital (Canada) Corp.		Canada		100
One Mortgage Partners Corp.		Vermont		100
First Chicago Equity Corporation		Illinois		100
First Chicago Leasing Corporation		Delaware		100
FCL Ship Fifteen, Inc.		Delaware		100
FCL Ship Fourteen, Inc.		Delaware		100
FM Holdings I, Inc.		Delaware		100
FM Holdings II, Inc.		Delaware		100
First Chicago Lease Holdings, Inc.		Delaware		100
Palo Verde Leasing Corporation		Delaware		100
First Chicago Lease Investments, Inc.		Delaware		100
Fountains FSC, Ltd.		Bermuda		100
GHML Holdings I, Inc.		Delaware		100
GHML Holdings II, Inc.		Delaware		100
GTC Fund III Holdings, Inc.		Delaware		100
GTC Fund IV Holdings, Inc.		Delaware		100
GTC Fund V Holdings, Inc.		Delaware		100
JPMorgan Housing Corporation		Delaware		100
Cooper Project, L.L.C.		Delaware		100
NLTC Fund Holdings I, Inc.		Delaware		100
OX FCL Two, Inc.		Delaware		100
SAHP 130 Holdings, Inc.		Delaware		100
JPMorgan Capital Management LLC		Delaware		100

152


			Percentage
			of voting
			securities
			owned by
	Organized under the		immediate
Name		laws of	parent


Banc One Financial Services, Inc.		Indiana		100
Banc One Insurance Holdings, Inc.		Arizona		100
Banc One Insurance Company		Vermont		100
Banc One Life Reinsurance Company		Arizona		100
Chase Insurance Agency, Inc.		Wisconsin		100
Chase Insurance Life and Annuity Company		Illinois		100
Chase Insurance Life Company		Illinois		100
Chase Insurance Life Company of New York		New York		100
Banc One Kentucky Insurance Company		Kentucky		100
Banc One Neighborhood Development Corporation		Ohio		100
Bank One Trust Company, National Association	United States			100
Bank One Education Finance Corporation		Ohio		100
Bridge Acquisition Holdings, Inc.		Delaware		100
CCC Holding, Inc.		Delaware		100
Chase Commercial Corporation		Delaware		100
CMRCC, Inc.		New York		100
Chase Home Mortgage Corporation of the Southeast		Florida		100
Chase Lincoln First Commercial Corporation		Delaware		100
Chase Manhattan Realty Leasing Corporation		New York		100
PV2-APS 150 Corporation		Delaware		100
PV2-PNM December 35 Corporation		Delaware		100
Palo Verde 1-PNM August 50 Corporation		Delaware		100
Palo Verde 1-PNM December 75 Corporation		Delaware		100
Chase Shareholder Services of California, Inc.		Delaware		100
Chatham Ventures, Inc.		New York		100
J.P. Morgan Partners (BHCA) , L.P.		California		80	^(b)
J.P. Morgan Partners (SBIC), LLC		California		100
Chemical Equity Incorporated		New York		100
Chemical Investments, Inc.		Delaware		100
Clintstone Properties Inc.		New York		100
Hambrecht & Quist Group		Delaware		100
Hambrecht & Quist California		California		100
H&Q Holdings Inc.		Delaware		100
Hambrecht & Quist Guaranty Finance, LLC		California		100
Hatherley Insurance Ltd.		Bermuda		100
Homesales, Inc.		Delaware		100
J.P. Morgan Capital Financing Limited		England		100
Aldermanbury Investments Limited		England		100
J.P. Morgan Chase International Financing Limited		England		100
Robert Fleming Holdings Limited		England		100
Copthall Overseas Limited		England		100
Robert Fleming (Luxembourg) (Joint Ventures) Sarl		Luxembourg		100
Robert Fleming Investment Trust Limited		England		100
J.P. Morgan Chase Community Development Corporation		Delaware		100
J.P. Morgan Chase National Corporate Services, Inc.		New York		100
J.P. Morgan Corporate Services Limited		England		100
Robert Fleming Holdings Inc.		Delaware		100
J.P. Morgan Equity Holdings, Inc.		Delaware		100
CBD Holdings Ltd.		Delaware		100
Chase Life & Annuity Co.		Ohio		100
Chase Life & Annuity Company of New York		New York		100
Great Lakes Insurance Company		Delaware		100
CMC Holding Delaware Inc.		Delaware		100
Chase Bank USA, National Association	United States			100
Card Acquisition Funding LLC		Delaware		100
Chase BankCard Services, Inc.		Delaware		100
Chase Data Services Corporation		Delaware		100
First USA Services, Inc.		Delaware		100
First USA Management Services, Inc.		Delaware		100
J.P. Morgan Investor Services Co.		Delaware		100

153


			Percentage
			of voting
			securities
			owned by
	Organized under the		immediate
Name		laws of	parent


JPMorgan Insurance Agency, Inc.		Delaware		100
Chase Re Limited		Bermuda		100
J.P. Morgan Personal Wealth Management, Inc.		Delaware		100
J.P. Morgan Trust Company of Delaware		Delaware		100
J.P. Morgan Trust Company, National Association	United States			100
Texas Commerce Shareholders Company		Texas		100
J.P. Morgan Funding Corp.		England		99.99
J.P. Morgan Futures Inc.		Delaware		100
J.P. Morgan GT Corporation		Delaware		100
J.P. Morgan International Holdings Corp.		Delaware		100
J.P. Morgan Trust Company (Bahamas) Limited		Bahamas		100
J.P. Morgan Trust Company (Cayman) Limited	Cayman Islands, BWI			100
JPMAC Holdings Inc.		Delaware		100
J.P. Morgan Invest Inc.		Delaware		100
J.P. Morgan Retirement Plan Services LLC		Delaware		100
J.P. Morgan Private Investments Inc.		Delaware		100
J.P. Morgan Services Asia Holdings Limited		Mauritius		100
J.P. Morgan Services India Private Limited		India		100
J.P. Morgan Services Inc.		Delaware		100
J.P. Morgan Ventures Corporation		Delaware		100
DNT Asset Trust		Delaware		100
Ventures Business Trust		Delaware		100
J.P. Morgan Ventures Energy Corporation		Delaware		100
JPMP Capital Corp.		New York		100
J.P. Morgan Partners, LLC		Delaware		100
JPMP Capital, LLC		Delaware		100
J.P. Morgan Capital, L.P.		Delaware		99.5
J.P. Morgan SBIC Holdings LLC		Delaware		100
JPMCC Luxembourg Corporation		Luxembourg		100
J.P. Morgan Capital Luxembourg S.a.r.l.		Luxembourg		100
JPMCC Belgium S.P.R.L.		Belgium		100
JPMCC Belgium (SCA)		Belgium		100
J.P. Morgan Partnership Capital Corporation		Delaware		100
J.P. Morgan Partnership Investment Corporation		Delaware		100
J.P. Morgan Whitney Partnership Corporation		Delaware		100
Peabody Real Estate Partnership Corporation		Delaware		100
JPMorgan Asset Management Holdings Inc.		Delaware		100
Highbridge Capital Management, LLC		Delaware		55
J.P. Morgan Investment Management Inc.		Delaware		100
JPMorgan Asset Management (Asia) Inc.		Delaware		100
J.P. Morgan Fleming Asset Management (Japan) Limited		Japan		100
JF Asset Management (Singapore) Limited		Singapore		100
JF Asset Management International Limited	British Virgin Islands			100
JF Asset Management Limited		Hong Kong		100
JF Funds Limited		Hong Kong		100
JF Asset Management (Taiwan) Limited (Chinese char. name prevails)		Taiwan		100
JFAM Securities Taiwan Limited (Chinese char. name prevails)		Taiwan		100
JPMorgan Asset Management (Canada) Inc.		Canada		100
JPMorgan Asset Management International Limited		England		100
JPMorgan Asset Management Holdings (UK) Limited		England		100
JPMorgan Asset Management (UK) Limited		England		100
J.P. Morgan Investment Management Limited		England		100
JPMorgan Asset Management (London) Limited		England		100
JPMorgan Asset Management Holdings (Luxembourg ) S.a r.l.		Luxembourg		100
JPMorgan Asset Management (Europe) S.a.r.l.		Luxembourg		100
JPMorgan Asset Management France SAS		France		100
JPMorgan Asset Management Societa di Gestione del Risparmio SpA		Italy		99.9
JPMorgan Asset Management Luxembourg S.A.		Luxembourg		100
JPMorgan Asset Management Advisory Company S.a r.l.		Luxembourg		99.99
JPMorgan Fleming srl		Italy		100
JPMorgan Asset Management Marketing Limited		England		100
JPMorgan Equity Plan Managers Limited		England		100

154


			Percentage
			of voting
			securities
			owned by
	Organized under the		immediate
Name		laws of	parent


JPMorgan Funds Limited		Scotland		100
JPMorgan Invest (UK) Limited		England		100
JPMorgan Investments Limited		England		100
Save & Prosper Insurance Limited		England		100
Save & Prosper Pensions Limited		England		100
JPMorgan Life Limited		England		100
JPMorgan Chase Bank, Dearborn		Michigan		100
Pierpont Real Estate Company		Delaware		100
JPMorgan Chase Bank, National Association		United States		100
Anexsys Holdings, Inc.		Delaware		100
BOILL IHC, Inc.		Nevada		100
Chase BankCard LLC		Delaware		100
BONA Capital I, LLC		Delaware		100
BONA Capital II, LLC		Delaware		100
BOTAC, Inc.		Nevada		100
Banc One Acceptance Corporation		Ohio		100
Banc One Arizona Leasing Corporation		Arizona		100
Banc One Building Corporation		Illinois		100
Banc One Community Development Corporation		Delaware		100
Banc One Equipment Finance, Inc.		Indiana		100
Banc One Kentucky Vehicle Leasing Company		Kentucky		100
Bank One International Corporation		United States		100
Banc One POS Services Corporation		Ohio		100
Banc One Real Estate Investment Corp.		Delaware		100
Bank One Auto Securitization LLC		Delaware		100
Bank One Equity Investors - BIDCO, Inc.		Louisiana		100
CSL Leasing Inc.		Delaware		100
Cedar Hill International Corp.		Delaware		100
Chase Access Services Corporation		Delaware		100
Chase Auto Finance Corp.		Delaware		100
Chase Community Development Corporation		Delaware		100
Chase Education Holdings, Inc.		Delaware		100
Chase Equipment Leasing Inc.		Ohio		100
Chase Funding Corporation		Delaware		100
Chase Home Finance Inc.		Delaware		100
Chase Home Finance LLC		Delaware		100
Chase Merchant Ventures, Inc.		Delaware		100
Chase Mortgage Holdings, Inc.		Delaware		100
Chase Preferred Capital Corporation		Delaware		100
CPCC Delaware Statutory Trust		Delaware		100
CPCC Texas Limited Partnership		Texas		95
CPCC Massachusetts Business Trust		Massachusetts		100
Chase Ventures Holdings, Inc.		New Jersey		100
The Home Loan Group, LP		California		50
Colson Services Corp.		Delaware		100
Cross Country Insurance Company		Vermont		100
FC Energy Finance I, Inc.		Delaware		100
FC Energy Finance II, Inc.		Delaware		100
FNBC Leasing Corporation		Delaware		100
ICIB Fund I Holdings, Inc.		Delaware		100
Genesis Holding Corporation		Delaware		100
Harvest Opportunity Holdings Corp.		New York		100
Independence Park Building Inc.		Delaware		100
J.P. Morgan Alternative Asset Management, Inc.		Delaware		100
J.P. Morgan Chase Custody Services, Inc.		Delaware		100
J.P. Morgan Electronic Financial Services, Inc.		New York		100
J.P. Morgan FCS Corporation		Texas		100
J.P. Morgan International Inc.		United States		100
Bank One International Holdings Corporation		United States		100
Bank One Europe Limited		England		100
J.P. Morgan International Finance Limited		United States		100
Chase Manhattan Holdings Limitada		Brazil		99.99

155


			Percentage
			of voting
			securities
			owned by
	Organized under the		immediate
Name		laws of	parent


Dearborn Merchant Services, Inc		Canada		100
Inversiones Y Asesorias Chase Manhattan Limitada		Chile		99.94
J.P. Morgan & Cie S.A.		France		100
J.P. Morgan (S.E.A.) Limited		Singapore		70	^(c)
J.P. Morgan (Suisse) SA		Switzerland		100
J.P. Morgan Bank (Ireland) plc	Republic of Ireland			100
J.P. Morgan Bank International LLC	Russian Federation			98
J.P. Morgan Bank Luxembourg S.A.		Luxembourg		99.99
J.P. Morgan Beteiligungs-und Verwaltungsgesellschaft mbH		Germany		99.8
J.P. Morgan AG		Germany		100
J.P. Morgan Fonds Services GmbH		Germany		100
J.P. Morgan Capital Holdings Limited		England		72.72	^(d)
CaTO Finance II C.V.		Netherlands		98.79
CaTO Finance V Limited Partnership		England		99
J.P. Morgan Chase (UK) Holdings Limited		England		100
J.P. Morgan Chase International Holdings		England		100
Crosby Sterling (Holdings) Limited		England		100
J.P. Morgan EU Holdings Limited		England		100
J.P. Morgan Equities Limited		South Africa		100
J.P. Morgan Europe Limited		England		91.62	^(e)
J.P. Morgan Markets LLP		England		36.02	^(f)
J.P. Morgan Chase Finance Limited		England		65	^(g)
J.P. Morgan Securities Ltd.		England		98.95
Robert Fleming (Overseas) Number 2 Limited		England		100
J.P. Morgan plc		England		100
Crosby Sterling Limited		England		100
J.P. Morgan Trustee and Depositary Company Limited		England		100
J.P. Morgan Luxembourg International S.a.r.l.		Luxembourg		99.99
J.P. Morgan Chase Bank Berhad		Malaysia		100
J.P. Morgan Chile Limitada		Chile		99.8
J.P. Morgan Funding South East Asia Private Limited		Singapore		100
J.P. Morgan Grupo Financiero S.A. De C.V.		Mexico		99.46
Banco J.P. Morgan S.A., Institucion de Banca Multiple, J.P. Morgan Grupo Financiero		Mexico		100
J.P. Morgan Holdings (Hong Kong) Limited		Hong Kong		100
Copthall Mauritius Investment Limited		Mauritius		100
J.P. Morgan Futures (Korea) Limited		South Korea		100
J.P. Morgan Securities (Far East) Limited		Hong Kong		100
J.P. Morgan Broking (Hong Kong) Limited		Hong Kong		100
J.P. Morgan International Derivatives Ltd.	Channel Islands			100
J.P. Morgan International Holdings Limited	Cayman Islands, BWI			100
Fledgeling Nominees International Limited	Cayman Islands, BWI			100
J.P. Morgan India Securities Holdings Limited		Mauritius		100
J.P. Morgan India Private Limited		India		99.99
J.P. Morgan Indonesia Holdings (B.V.I.) Limited	British Virgin Islands			100
J.P. Morgan Securities (Taiwan) Limited		Taiwan		80	^(h)
J.P. Morgan Securities Holdings (Bermuda) Limited		Bermuda		100
J.P. Morgan Securities Singapore Private Limited		Singapore		100
PGW Limited		Thailand		100
JPMorgan Securities (Malaysia) Sdn. Bhd.		Malaysia		100
Jadeling Malaysia Holdings Limited	British Virgin Islands			100
J.P. Morgan Investimentos e Financas Ltda.		Brazil		99.79
J.P. Morgan Malaysia Ltd.		Malaysia		100
J.P. Morgan Overseas Capital Corporation		Delaware		100
J.P. Morgan Australia Group Pty Limited		Australia		100
J.P. Morgan Operations Australia Limited		Australia		100
J.P. Morgan Administrative Services Australia Limited		Australia		100
J.P. Morgan Australia Limited	New South Wales			100
J.P. Morgan Financial Services New Zealand Limited		Australia		100
J.P. Morgan Institutional Services Australia Limited		Australia		100
J.P. Morgan Nominees Australia Limited		Australia		100
J.P. Morgan Portfolio Services Limited		Australia		100

156


			Percentage
			of voting
			securities
			owned by
	Organized under the		immediate
Name		laws of	parent


J.P. Morgan Trust Australia Limited		Australia		100
JFOM Pty Limited		Australia		100
Edrus Limited		Australia		100
J.P. Morgan Markets Australia Pty Limited		Australia		100
J.P. Morgan Espana S.A.		Spain		100
JPMorgan Gestion, Sociedad Gestora de Instituciones de Inversion Colectiva, S.A.		Spain		100
JPMorgan Sociedad de Valores, S.A.		Spain		79	⁽ⁱ⁾
J.P. Morgan International Bank Limited		England		100
J.P. Morgan Securities Canada Inc.		Canada		100
J.P. Morgan Whitefriars Inc.		Delaware		100
J.P. Morgan Whitefriars (UK)		England		99.99
PT J.P. Morgan Securities Indonesia		Indonesia		42.5	^(j)
J.P. Morgan Partners (CMB Reg K GP), Inc.		Delaware		100
J.P. Morgan Scotland (Services) Ltd.		England		100
J.P. Morgan Securities (C.I.) Limited	Channel Islands			100
J.P. Morgan (Jersey) Limited	Channel Islands			100
J.P. Morgan Securities Asia Private Limited		Singapore		78.47	^(k)
J.P. Morgan Securities Holdings (Hong Kong) Limited		Hong Kong		86.38	^(l)
J.P. Morgan Securities (Asia Pacific) Limited		Hong Kong		100
J.P. Morgan Securities Holdings (Caymans) Limited	Cayman Islands, BWI			100
J.P. Morgan Securities India Private Limited		India		99.99
J.P. Morgan Securities South Africa (Proprietary) Limited	South Africa			100
J.P. Morgan Services Japan Ltd.		Delaware		100
J.P. Morgan Trust Bank Ltd.		Japan		72.16	^(m)
J.P. Morgan Trust Company (Jersey) Limited	Channel Islands			100
JPMorgan Chase Vastera International Corp.		Delaware		100
Vastera Bermuda LP		Bermuda		99.99
JPMorgan Securities (Thailand) Limited		Thailand		50.1	⁽ⁿ⁾
JPMorgan Securities Preparation KK		Japan		100
NorChem Participacoes e Consultoria S.A.		Brazil		50
Norchem Holdings e Negocios S.A.		Brazil		48.97	^(o)
BOL Canada II Sub, Inc.		Delaware		100
BOL Canada II Trust		Delaware		100
BO Leasing II ULC		Canada		100
BOL Canada I, Inc.		Delaware		100
BOL Canada I Sub, Inc.		Delaware		100
BO Leasing I ULC		Canada		100
BOL Canada III, Inc.		Delaware		100
BOL Canada III Sub, Inc.		Delaware		100
BO Leasing III ULC		Canada		100
Banco J.P. Morgan S.A.		Brazil		99.27
J.P. Morgan Corretora de Cambio e Valores Mobiliarios S.A.		Brazil		100
J.P. Morgan S.A. Distribuidora de Titulos e Valores Mobiliarios		Brazil		100
Bedford Holdings, Inc.		Delaware		100
Willard Holdings, Inc.		Delaware		100
Woodward Holdings, Inc.		Delaware		100
J.P. Morgan Mortgage Acquisition Corp.		Delaware		100
J.P. Morgan Mortgage Capital Inc.		Delaware		100
J.P. Morgan Partners (23A SBIC Manager), Inc.		Delaware		100
J.P. Morgan Partners (23A SBIC), L.P.		Delaware		80	^(p)
J.P. Morgan Property Exchange Inc.		Delaware		100
J.P. Morgan Treasury Technologies Corporation		Delaware		100
JPMorgan Chase Vastera, Inc.		Delaware		100
Vastera Solution Services Corporation		Delaware		100
JPMorgan Investment Advisors Inc.		Ohio		100
Security Capital Research & Management Incorporated		Delaware		100
JPMorgan Merger Subsidiary Inc.		Delaware		100
Kscott Holding Corp.		Delaware		100
Liberty Payment Services, Inc.		Kentucky		100
Manufacturers Hanover Leasing International Corp.		Delaware		100
Chase Leasing of Texas, Inc.		Delaware		100

157


			Percentage
			of voting
			securities
			owned by
	Organized under the		immediate
Name		laws of	parent


Naugatuck Holding Corp.		Delaware		100
Orcas Island Corp.		Delaware		100
South Cutler Corporation		Delaware		100
Systems & Services Technologies, Inc.		Delaware		100
JPMorgan Distribution Services, Inc.		Delaware		100
JPMorgan Funds Management, Inc.		Delaware		100
JPMorgan Mezzanine Corporation		Delaware		100
JPMorgan Securities Holdings LLC		Delaware		100
J.P. Morgan Institutional Investments Inc.		Delaware		100
J.P. Morgan Securities Inc.		Delaware		100
Neovest Holdings, Inc.		Delaware		100
Neovest, Inc.		Utah		100
JPMorgan Special Situations Asia LLC		Delaware		100
J.P. Morgan Investment Holdings II (Mauritius) Limited		Mauritius		67
Tong Yuan Asset Management Limited Liability Company		China		90
Silver Peak Investments (Mauritius) Limited		Mauritius		100
LabMorgan Corporation		Delaware		100
LabMorgan Investment Corporation		Delaware		100
MorServ, Inc.		Delaware		100
NBD Community Development Corporation		Michigan		100
Offshore Equities, Inc.		New York		100
Park Assurance Company		Vermont		100
Special Situations Investing Inc.		Delaware		100
Support Development Corporation		Delaware		100

(a)		JPMorgan Capital Corporation owns 20%.
(b)		JPMP Master Fund Manager, L.P. owns 20%.
(c)		J.P. Morgan International Finance Limited owns 30%.
(d)		J.P. Morgan Overseas Capital Corporation owns 27.27%.
(e)		J.P. Morgan International Finance Limited owns 8.38%.
(f)		J.P. Morgan plc, J.P. Morgan Securities Ltd. and J.P. Morgan Whitefriars (UK) owns 27.07%, 27.29% and 9.62%, respectively.
(g)		J.P. Morgan Securities Ltd. owns 35%.
(h)		Robert Fleming Investment Trust Limited and JF Securities Overseas Limited each own 10%.
(i)		J.P. Morgan & Cie S.A. and J.P. Morgan Securities Ltd., respectively, own 19% and 2%.
(j)		J.P. Morgan Indonesia Holdings (B.V.I.) Limited and J.P. Morgan Securities Asia Private Limited own 42.5% and 13.75%, respectively.
(k)		J.P. Morgan Securities Holdings (Bermuda) Limited and J.P. Morgan Luxembourg International S.a.r.l. respectively own 11.53% and 10%.
(l)		J.P. Morgan Securities Asia Private Limited owns 10.77%. J.P. Morgan Securities (Far East) Limited owns 2.85%.
(m)		J.P. Morgan & Cie S.A. owns 27.84%.
(n)		J.P. Morgan International Finance Limited and J.P. Morgan International Holdings Limited own 30.28% and 19.61%, respectively.
(o)		Chase Manhattan Holdings Limitada owns 29.27%.
(p)		JPMP Master Fund Manager, L.P. owns 20%.

158