Conversus to Sell $1.4B Portfolio, End Operations
July 6, 2012- Share:
U.K.-based Conversus Capital, a publicly traded portfolio of third-party private equity funds, has agreed to sell its $1.4 billion investment portfolio to HarbourVest Partners. Following the transaction, Conversus will take the necessary steps to wind up its operations. HarbourVest is utilizing its existing $500 million credit facility to fund the majority of the investment.
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