abrdn eyes split of private equity arm to attract bids - reports

£12bn of investments

abrdn is looking to split its private equity business and sell it in batches, as it has not been able to find a buyer for the entire portfolio.

The business has more than £12bn assets under management, according to Reuters. The assets on sale, however, do not include abrdn's listed private equity trust. abrdn set to offload private equity business - reports The company appointed Rothschild & Co in July 2022 to oversee the sale of the division, but it has not managed to find a buyer for the whole business. The package of the assets spans the UK, US and continental Europe, and its sale has been pushed by investors in order to boost declining returns and offload non-core assets. In February, it was reported that Santand...