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.
Read more by visiting http://www.secondariesinvestor.com.