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Report: Goldman private equity fund buys stake in LMR Partners

A Goldman Sachs Asset Management LP private equity fund acquired between 10% and 20% in LMR Partners, Reuters reported, citing an unnamed source.

The purchase price for the minority stake was not disclosed.

LMR, which has offices in London, Hong Kong and New York, is a multistrategy investment manager founded in 2009. The firm has approximately $5 billion in assets under management, according to its website.

The spokesmen for either parties did not comment on the matter, according to Reuters.