Once Again GIC Partners with Hellman & Friedman, Investing in Allfunds
Correction, March 8, 2017: This article was amended to avoid confusion on deal specifics regarding the order of transactions.
European banks are selling off their asset management jewels to rival companies and private equity firms to shore up cash and feed investor demand.
Once again, Singapore’s GIC Private Limited and private equity shop Hellman & Friedman partnered on a deal buying the mutual fund platform Allfunds Bank S.A. [ Content protected for Sovereign Wealth Fund Institute Standard subscribers only. Please subscribe to view content. ]
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