The sale is part of a wider plan to raise capital and some of the investments are managed by third-party funds
BofA in Talks to Sell Private Equity Investments, Times Reports
By Michael Patterson -
Jan 15, 2012
(Bloomberg)
(Bloomberg)
Bank of America Corp. (BAC)’s Merrill Lynch unit is in talks to sell a portfolio of private equity investments to Partners Group Holding AG (PGHN), a Swiss financial- services company, the Sunday Times reported.
The sale is part of a wider plan to raise capital and some of the investments are managed by third-party funds including North Cove Partners, the London-based newspaper reported, without saying where it got the information.
To contact the reporter on this story: Michael Patterson in London at mpatterson10@bloomberg.net
To contact the editor responsible for this story: Dick Schumacher at dschumacher@bloomberg.net
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