Summary: The Hong Kong Jockey Club is divesting up to US$1 billion in funds held with Blackstone, TA Associates, Warburg Pincus, and Clayton Dubilier & Rice. The sales, facilitated by Jefferies, primarily involve US assets and are driven by escalating trade tensions. This move mirrors actions taken by other Asian funds and wealthy investors reducing their exposure to the US market.

Link: https://www.theedgesingapore.com/news/private-equity/hong-kong-jockey-club-unload-us1-bil-blackstone-warburg-funds