German bank WestLB is planning to sell a portfolio of private equity funds, The Wall Street Journal reports. The portfolio will have a value of around $432 million. The funds will include a mix of U.S. and European buyout funds. The lender, which is owned by the German state of North Rhine-Westphalia and regional savings banks, has chosen Cogent Partners as an intermediary for the transaction.
Click here for the story from The Wall Street Journal.