Barclays set to sell £500m of PE fund stakes

Barclays Capital, the investment banking division, is said to have amassed the holdings to help its business that finances leveraged buyouts. The news comes as other banks, such as Citigroup, RBS and Crédit Agricole, have been looking to sell stakes in private equity funds in the face of tighter regulation.

It was announced last year that Barclays Private Equity (BPE), the private equity arm of Barclays, was to be sold to its management after the first close of its next fund. The bank announced that it would not be investing in the next BPE fund, which aims to raise €1.4bn.

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• Topics
• UK / Ireland
• Financials
• Barclays