Aberdeen Standard Investments to launch €1bn private equity fund in JV

21 Aberdeen Standard Investments (21ASI) will launch the Europe-focused fund later this year. It will aim to target active non-controlling interests with a focus on providing patient capital for the long term. The fund aims to support growth in companies without owners ceding majority stakes in their business. It will also help firms manage growth, potential industry disruption and challenges posed by succession. Standard Life Aberdeen sells insurance arm to Phoenix for £3bn 21ASI will be a 50-50 joint venture with six staff initially and the board will be led by Alessandro Benetto...