GTCR and Reverence Capital-led investor group in talks to acquire Wells Fargo’s asset management unit: Reuters

A private equity consortium led by GTCR LLC and Reverence Capital Partners LP, is in talks to acquire Wells Fargo's asset management business, reported Reuters.

A private equity consortium led by GTCR LLC and Reverence Capital Partners LP, is in talks to acquire Wells Fargo’s asset management business, reported Reuters. The news wire noted that Wells Fargo was seeking more than $3 billion for the unit.

Source: Reuters