Australia’s Perpetual Exits Wealth in $350 Million Bain Sale

2026-03-15 - 23:43

(Bloomberg) — Australian fund manager Perpetual Ltd. agreed to sell its wealth management unit to buyout firm Bain Capital for A$500 million ($350 million) as the nation’s wealth sector continues to draw global investors keen on grabbing a slice of the A$4.5 trillion pension pool. Read More