BlackRock To Buy Swiss Re's $7.5B PE, Fund Of Funds Units

Law360, New York (July 03, 2012, 2:09 PM ET) -- New York-based investment fund giant BlackRock Inc. has reached an agreement to purchase the $7.5 billion private equity and fund of funds businesses of Swiss insurer Swiss Re, doubling its private equity holdings, BlackRock said Tuesday.

BlackRock will acquire Zurich-based Swiss Re Private Equity Partners AG and enter into a strategic alternative investment collaboration with Swiss Re, it said.

The deal is expected to close by the end of September. Specific financial terms of the acquisition were not disclosed, and representatives for BlackRock and Swiss Re...
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