Hong Kong Jockey Club to Unload $1 Billion in Blackstone, Warburg Funds

Hong Kong Jockey Club to Unload $1 Billion in Blackstone, Warburg Funds

The Hong Kong Jockey Club is divesting as much as $1 billion in funds held with Blackstone Inc. and other buyout firms, offloading US assets amid escalating trade tensions that have intensified since Donald Trump’s presidency.

Roundup: Hong Kong Jockey Club Dumping $1B in US PE Funds - Mingtiandi

Geopolitics leads today’s roundup of real estate news from around the region as Hong Kong’s horse racing monopoly starts to sell down its US private equity bets, according to a Bloomberg report. Also in the news, Singapore’s Frasers Property is... Read More>> The post Hong Kong Jockey Club Dumping $1B in US PE Bets and More Asia Real Estate Headlines appeared first on Mingtiandi.

Hong Kong Jockey Club to unload US$1 billion in Blackstone, Warburg funds

The Hong Kong Jockey Club is divesting as much as US$1 billion in funds held with Blackstone and other buyout firms, offloading US assets amid escalating trade tensions that have intensified since Donald Trump’s presidency.

Hong Kong Jockey Club to divest $1bn in US private equity fund stakes

The Hong Kong Jockey Club is set to offload up to $1bn worth of stakes in private equity funds managed by Blackstone, Warburg Pincus, and other leading US buyout firms, as part of a broader move to reduce exposure to American assets amid ongoing geopolitical tensions, according to a report by Bloomberg. Sources familiar with the matter have said the asset owner is actively marketing positions in funds managed by TA Associates, Clayton Dubilier &…