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GSAM and LGT pick up $700m of StanChart private equity assets

UK bank sells investment portfolio to Wall Street firm and alternatives manager, and plans sale of another chunk in the coming months

GSAM and LGT pick up $700m of StanChart private equity assets

UK-based Standard Chartered has offloaded a $700 million portfolio of private equity investments to Goldman Sachs Asset Management and alternatives manager LGT Capital Partners, according to people familiar with the matter.

The investments are part of a $1.5 billion portfolio that had been earmarked for sale earlier this year, with Standard Chartered expected to sell the remainder in the coming months.

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