Deals
Blackrock Said to Plan Asian Private Equity Fund of Funds Pool
- Move will be the first new Asian pool since Swiss Re purchase
- Final decision on size of new fund yet to be finalized
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BlackRock Inc., the world’s largest asset-management firm, plans to raise a new private equity pool focused on Asia, said people with knowledge of the matter.
The company is planning to raise a multi-strategy pool this year, said the people, who asked not to be identified because the information is private. The fund will invest in buyout funds currently being raised, while also co-investing in underlying companies and taking stakes in existing pools, the people said.