BlackRock Inc., is selling a portfolio of private equity funds because of the high prices some assets are fetching in the secondaries market, people with knowledge of the matter told Bloomberg.
The world’s largest asset manager is selling a group of funds that it invested in from 2000 to 2006, said Bloomberg’s source.
The portfolio, which had original commitments of about $1 billion, now has a valuation of about $200 million, the source added.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at [email protected].
Thank you.
Read the full story at Bloomberg, by Kiel Porter
READ MORE: BlackRock
BlackRock Inc. has agreed to purchase an $87 billion money-market fund business from Bank of America Corp. as it builds scale in an industry grappling with new regulations. The deal will involve More…
BlackRock has lost Charles Hallac, co president and a close friend of Larry Fink, after a battle with cancer at age 50. Hallac grew up in a Jewish family in Manila, Philippines. His wife and their three children More…
BlackRock the world’s biggest fund manager, is buying FutureAdvisor, a company that develops robo-adviser technology, for between $150-$200 million. FutureAdvisor is reported to have $600 million in More…
BlackRock, and CEO Larry fink, has been the big winner of the decision by the world’s largest pension fund to invest half of its assets in equities, report Chris Newlands from FT. BlackRock, the US More…
One morning almost two weeks ago, securities regulator Greg Medcraft awoke in Sydney to an extraordinary news story about American hedge fund tsar Carl Icahn accusing the world’s biggest investment More…
