Stepstone Group LLC said Wednesday that it has closed its acquisition of $4 billion private equity funds from Citigroup Inc. (C) as the investment bank seeks to offload its alternative assets units ahead of U.S. new financial rules discouraging banks from engaging in risky trades with their own money.
Financial details of the transaction weren't disclosed but the package includes fund of funds, mezzanine and co-investment businesses.
3 comments:
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At the end of each round read out the cumulative scores.
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(Thank you rounds are always welcome, of course. At the end of each round read out
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