Wells Fargo brings $1bn secondaries tranche to market

Greenhill Cogent is running the sale process for the San Francisco-based bank.

Wells Fargo is preparing to sell a second tranche of private equity stakes, worth about $1 billion, Secondaries Investorreports.

A first tranche, worth an undisclosed amount, was sold last year.

The San Francisco-headquartered bank is now preparing to sell a second slice of its private equity stakes in a process run by Greenhill Cogent, according to four sources familiar with the matter.

The portfolio reflects around 300 diversified funds, according to three of the sources.

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