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Market Chatter: Korea's Sovereign Wealth Fund Plans Sale of $1 Billion in Private Equity Holdings

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Korea Investment plans to sell over $1 billion in private equity holdings, Bloomberg News reported, citing people with knowledge of the matter.

The sovereign wealth fund has hired investment bank PJT Partners for the transaction, the report cited its unnamed sources as saying.

The talks are in the preliminary stage, with details subject to change, according to the news outlet's sources.

Korea Investment and PJT Partners did not immediately respond to' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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