Barclays may sell over £500 million worth of stakes in private equity funds in Europe and the U.S. to free up capital, Bloomberg reports. The holdings were collected by the bank’s investment-banking unit, Barclays Capital, as part of a move to help its business that finances leveraged buyouts. Barclays’ CEO, Robert Diamond, is evaluating Barclays’ operations and may close or sell units that are not generating returns that meet the bank’s 13% target for return on equity. In 2010, the bank decided to sell its private equity unit, Barclays Private Equity, to its managers.
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