23.01.2012 - Singapore sovereign wealth fund to unload some PE-fund stakes
Government of Singapore Investment Corp. is seeking to sell about $700 million in private equity holdings, according to three people familiar with the matter. The $274.5 billion sovereign wealth fund named UBS to manage the sale, which involves stakes in mostly older buyout and venture capital funds, said the people, who asked not to be identified because the information isnít public. Among the stakes GIC is offering are funds from Atlas Venture, Draper Fisher Jurvetson, W.L. Ross & Co. and J.C. Flowers & Co., the people said...............................................Full Article: Source
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