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BlackRock Said Planning to Sell Group of Private Equity Funds

Firm selling portfolio of assets raised from 2000 to 2006; Capital originally committed to the funds about $1 billion

Laurence D. Fink
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.

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Read the full story at Bloomberg, by Kiel Porter


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