A group of blue-chip buyers is set to acquire one of the largest portfolios to trade on the market for secondhand fund stakes.
Healthcare provider Kaiser Permanente in Oakland, Calif., is selling about $5 billion of private fund positions to a group that includes buyout firms Ardian, Blackstone and Apollo Global Management, according to several people familiar with the matter. The assets are held by the company’s pension plan, Private Equity News reports. Read more.
