Deals
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
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BlackRock Inc., the world’s largest asset manager, 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 said.
The New York-based fund manager is selling a group of funds that it invested in from 2000 to 2006, said the people, who asked not to be identified because the information is private. The portfolio, which had original commitments of about $1 billion, now has a valuation of about $200 million, the people said.