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Update: Market Chatter: Korea Investment Plans Sale of $1 Billion in Private Equity Holdings

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(Updates to add that PJT has no comment)

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 unnamed sources as saying.

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

A PJT representative, in an emailed response to' query, said the company has no comment.

Meanwhile, Korea Investment did not immediately respond to' request 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.)

What else is happening in Asia?

Asia

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TYO:9984
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SHA:688036
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SHA:601825