ShaPE to sell CHF51m in fund interests(2)

The Switzerland-listed fund of funds is selling its stakes in seven private equity funds in order to free up cash for capital calls and further fund commitments.

ShaPE Capital, a Swiss-listed fund of funds, will offload seven fund interests before the end of the year at “a substantial discount”. The firm said the action will result in increased “freedom of flexibility”.

ShaPE will sell four stakes in older, smaller and mostly fully funded vehicles as well as three larger 2007 and 2008 vintage funds.

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