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SEB forced to liquidate PE fund in Luxembourg

A private equity fund in Luxembourg managed by Swedish financial group SEB has been forced to close down as it can no longer ensure risk diversification.

Photo: Bob Strong / Reuters / Ritzau Scanpix

Swedish asset manager SEB is set to close its SEB Private Equity Opportunity Fund I after the Luxembourg regulator CSSF deemed the fund could not be prolonged.

According to Citywire Selector, the CSSF has decided to put a stop to the fund as it can no longer be managed in accordance with the principle of risk diversification.

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