04:17 AM EDT, 07/09/2025 (MT Newswires) -- The Hong Kong Jockey Club is selling up to $1 billion worth of US private equity holdings, including funds managed by Blackstone (BX), Warburg Pincus, TA Associates, and Clayton Dubilier & Rice, Bloomberg News reported Wednesday, citing sources familiar with the matter.

The report said the move reflects growing caution among Asian investors toward US assets, amid ongoing geopolitical and trade tensions.

The divestment is being carried out through multiple vehicles, including one reportedly holding around $700 million in assets, a source told Bloomberg.

Jefferies is leading the transaction, according to the report.

Blackstone, Hong Kong Jockey Club, and Jefferies did not immediately respond to MT Newswires' requests for comment.

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