Deutsche Bank sells $382m commitments portfolio of funds to AXA Private Equity

AXA Private Equity has bought a portfolio of 21 limited partnership interests in private equity funds from Deutsche Bank. The transaction represents $382m of commitments, overall less than 50% funded. The portfolio is made of well established US funds, mainly buyout. The global transaction took place a few months after closing of AXA Private Equity's E250m early secondary fund-of-funds which committed $120m in this transaction. This complements eight investments already made by the fund. By selling this portfolio of largely unfunded LP interests Deutsche Bank continues its strategy of reducing its principal exposure and capital commitment to private equity.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• DACH