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Investec to spin out alternative investments in new vehicle

Investec’s plan to reduce its exposure to the private equity asset class by unbundling Investec Principal Investments to establish Investec Equity Partners would still leave it managing R3.7 billion (approximately $257 million) in direct investments. The plan, which needs to secure regulatory approval, would see R7.5 billion in assets (approximately $520 million) transferred to the new entity, in which Investec will retain a 45% stake.

Read more at Business Day…

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