BoA Spins Off PE Unit
Bank of America plans to spin off its last large private equity fund, BAML Capital Partners, which has more than $5 billion in assets, Reuters reported, adding that the bank has no plans to make new buyout investments. The newly spun-off fund will manage the banks private equity assets for a fee, and will wind down the positions over a period of time, Reuters said.
Bycnolan
20 April 2011•2 mins read
