Ontario Teachers’ Pension Plan Weighs $1.5 Billion Sale of PE Stakes
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Ontario Teachers’ Pension Plan is exploring the sale of a $1.5 billion portfolio of private equity fund stakes in the secondary market to free up cash for other investments, according to people familiar with the matter.
The pension fund is working with advisers at Jefferies Financial Group Inc. on soliciting buyer interest in the portfolio, the people said, asking not to be identified discussing private details. Talks are at an early stage, one of the people said.