BofA secondaries may go to Asia
Bank of America Corp. is seeking to sell up to $1.2 billion of secondary positions in Warburg Pincus funds, with the China Investment Corporation (CIC) cited as one of the most likely buyers, according to reports.
CIC, a Chinese SWF, could be in line to pick up some $600 million of the BofA portfolio, with leading secondaries house Lexington Partners named as another probable buyer for a similar tranche. Warburg...
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