Greenhill Sells Interest in Fund for $45M

Greenhill & Co. said it had sold its interests in private equity fund Greenhill Capital Partners II L.P. for about $45 million, Reuters reported. The investment bank is selling its interest in the fund to “investors advised by J.P. Morgan Asset Management and certain principals of GCP Capital Partners,” Reuters wrote. The move is part of Greenhill’s strategy to focus on its core client advisory business.

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