美国银行“被瘦身”

随着新的关于另类资产监管条款的出台,面对严苛的政策法规,美国各个银行不得不开始新一轮的瘦身潮。

Be Slimmed

Along with the new rule for alternative assets supervision,facing those tough policies and regulations, American banks have to enter the new round of slimness tide. On 18th Apr.2011,Bank of America Merrill Lynch announced that the bank will spin off its Asian buyout team BAML Capital Partners to a professional investor consisted syndicate.International private equity firm Paul Capital and HarbourVest Global Private Equity which is managed by the U.S.HarbourVest Partners alliance company led the investment. The other investors include Swiss fund of funds LGT Capital Partners and Singaporean fund of funds Axiom Asia. They will takeover all assets which were invested by BAML Capital Partners. The details was not disclosed. Be impacted by Bank of America Merrill Lynch’s buyout fund,fund of funds,direct investment fund and real estate fund,its private equity investment transaction has decreased dramatically. Data from Swiss bank UBS shows that $22bn of deals last year as the market more than doubled the S9bn of transactions of 2009 and overtook the record $20bn of deals signed the year before.Therefore,when the end of last year the secondaries market was becoming active,executives in Bank of America Merrill Lynch made the decision of spinning of its private equity investment department.A new round of portfolio offload and investment units’ spin off is starting.