Private Equity
Further information about potential buyers was not immediately available, although several companies, including Ardian, Coller Capital and Lexington Partners, have raised funds to invest in PE secondaries. The positions to be sold consist of investments BlackRock made between 2000 and 2006, according to Reuters citing an unidentified person familiar with the matter. The original value of the combined portfolio was around $1 billion. BlackRock has made similar moves this year as a way to quickly monetize longer-term private equity assets in an strong pricing environment in which traditional discounts to market value for some legacy PE positions have largely disappeared. New...

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