Barclays’s Pension Fund Said to Plan $554 Million Sale

Barclays Plc’s pension fund is planning to sell about 350 million pounds ($554 million) in private-equity assets, three people with knowledge of the matter said.

The Barclays Bank U.K. Retirement Fund hired advisory firm Cogent Partners to manage the sale of the portfolio, which comprises commitments in European and U.S. leveraged buyout funds, said the people, who declined to be identified because the process is private. Brenlen Jinkens, a spokesman for Cogent Partners in London, declined to comment.