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Business

Business & Economics

Vanguard Said to Eye Blackstone, Carlyle Pact to Offer Private Assets

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Vanguard Group , known for its passive, low-cost mutual funds and ETFs, has reportedly held talks with two of the world’s biggest private equity companies about offering private assets to investors.

Vanguard , which manages $3.1 trillion in 88 U.S.-issued ETFs and manages $10.4 trillion in assets, currently offers private equity to clients through a pact with HarbourVest .

Questions remain about whether private assets are appropriate for individual investors.