In a near-unprecedented rush by British pension funds to raise their cash holdings, Goldman Sachs and a range of other investment giants are planning to snap up UK assets at discounts of up to 30%.
“We’re seeing discounts of 20 to 30 per cent for a high quality portfolio [of stakes in private equity funds],” Gabriel Möllerberg, a managing director at Goldman Sachs Asset Management, told the FT.
“In these market conditions, you get very attractive buying opportunities,” according to Ross H. at Switzerland-based private equity firm Partners Group, which buys pension schemes’ private fund stakes.
Read more: City A.M.
