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Merrill Exiting PE Funds?

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We hear that Merrill is bailing out of at least two big private equity funds that are concentrated on real estate, selling it's limited partnership shares back to the fund managers at a discount. This is igniting speculation that Merrill could pull out of other investments as well, perhaps in an effort to raise capital before announcing earnings tomorrow. The two funds Merrill is said to have left are thought to be managed by Blackstone.
"Merrill Lynch must be in really doo-doo," a source with knowledge of the matter said.