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Vanguard Group raises approximately $4 billion in private debt to acquire Altruist

Bloomberg +1 · ·by G4L

JPM JPMorgan Chase & Co
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  1. 1Vanguard Group has raised approximately $4 billion in private debt to acquire Altruist.
  2. 2As of July 31, Vanguard's global assets under management total $13.3 trillion.
  3. 3Bank of America, Citigroup, and JPMorgan Chase arranged the transaction.

So what's the key point?

What is the main point? Vanguard Group borrowed $4 billion to buy Altruist. The company raised a large amount of money to acquire a new firm.

Source Bloomberg +1 · View original ↗

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