abrdn completes sale of $4bn US private equity and venture capital business to alternatives boutique

In a statement, the firm said the sale involves the transfer of approximately $4bn in assets under management and approximately 30 employees.  The move, announced in July, follows a comprehensive review of abrdn's private markets business, which concluded that the US private equity and venture capital capabilities would be "best developed under a different ownership and management structure". abrdn said the sale underlines its commitment to exit non-core businesses that "no longer align to its overall offering or product strategy". abrdn eyes split of private equity arm to attract ...