(Bloomberg) -- Banks including Morgan Stanley and Goldman Sachs Group Inc. are lining up nearly €1 billion ($1.1 billion) of debt financing that will allow buyout shop CVC Capital Partners to hold on to Multiversity, one of its university investments, according to people familiar with the matter.Most Read from BloombergJavier Milei Fuels Wild Rally That Makes Peso No. 1 in WorldPlunging Home Prices, Fleeing Companies: Austin’s Glow Is FadingHuawei’s New Phone Runs Latest Version of Made-in-China
The move may bring fresh energy and capital into the spot ETFs.
Morgan Stanley Private Equity Asia (PEA) is reorganising its teams in the region as its current chief executive of Asia Chin Chou is retiring, according to an internal memo reviewed by Reuters. Morgan Stanley will carve out a China-focused team from the rest of the region that focuses on investments in onshore and offshore China, according to the memo.