Why did Marshall Wace decide to sell a minority equity stake to KKR?
Replied bySir Paul Marshall
Co-Founder, Chairman & CIO at Marshall Wace
Niche: Finance
Revenue: Not Publicly Disclosed/month
Location: London, England, United Kingdom
Started: 1997
KKR approached us seeking a minority partnership that respected our operational autonomy. Selling a minority interest established a transparent market valuation for our internal equity partnership, incentivized senior talent, and provided institutional endorsement that accelerated our global capital formation across institutional pension and sovereign wealth allocators.
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