The National University of Singapore is divesting at least $500 million in private equity and real estate funds to manage liquidity and rebalance its China exposure, according to people with knowledge of the matter.
The university, which has total funds and reservesof more than S$15 billion ($12 billion), is one of the city-state’s largest endowment allocators. Global buyout and China-focused funds are among those it is seeking to sell, the people said, asking not to be identified as the discussions are private.
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