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Blackrock To Acquire Swiss RE Private Equity Partners AG

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BlackRock has announced that it has entered into a definitive agreement whereby it will acquire Swiss Re Private Equity Partners AG ('SRPEP'), the European private equity and infrastructure fund of funds franchise of Swiss Re. BlackRock and Swiss Re have also entered into a strategic alternative investment relationship agreement, centered on BlackRock Alternative Investors ('BAI'), which reinforces Swiss Re’s current investments in SRPEP products and establishes other future Swiss Re commitments to the BAI platform.

LIBOR Probe - Who's Next ?

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Barclays' settlement of about $451m with U.S. and U.K. regulators last week offered the first glimpse of what banks may have to pay to resolve a global probe of interest-rate manipulation. The question now is who’s next.