Goldman Sachs AM set to acquire Invesco's unquoted stocks - reports

Deal could be finalised within weeks

David Brenchley
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The companies are largely held in funds run by Invesco's Mark Barnett
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The companies are largely held in funds run by Invesco's Mark Barnett

Goldman Sachs Asset Management (GSAM) is in talks to buy a portfolio of unquoted stocks from Invesco in a deal that could be finalised within weeks, according to reports.

Invesco has reportedly put the portfolio up for sale as it looks to raise liquidity in a number of mandates largely run by Mark Barnett after heavy outflows continued. The valuation of the firms have seen a number of writedowns in recent weeks, as the coronavirus crisis wreaks havoc and overhang from former Invesco manager Neil Woodford's funds' forced sales. Invesco disposes of illiquid assets across UK equity mandates GSAM's private equity team has emerged as frontrunner for the portfolio, according to Sky News, with sources suggesting the deal could be finalised within weeks. It...

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