Kaiser to sell $3.5B in PE funds: WSJ
05/22/24 at 03:00 AM
Kaiser to sell $3.5B in PE funds: WSJ
Becker's Hospital CFO Report; by Alan Condon; 5/13/24
Oakland, Calif.-based Kaiser Permanente plans to sell up to $3.5 billion of holdings in private-equity funds due to cash constraints, The Wall Street Journal said in a May 12 report citing unnamed sources "familiar with the matter." Kaiser is working with investment bank Jefferies Financial Group to offload up to $3.5 billion of stakes to secondary buyers, but a spokesperson for the system told Becker's that the recent shift in investment out of private equity is not driven by liquidity concerns.