Lloyds Banking Group may sell private-equity (PE) assets worth approximately €500 million, Bloomberg reports. The portfolio includes commitments in mostly European buyout funds that the lender’s Scotland unit made to improve lending relationships with the fund managers.

U.K.’s second-largest government-owned bank is also aiming to free up regulatory capital by off loading these assets. Lloyds follows Citigroup, Barclays, Royal Bank of Scotland Group, Credit Agricole and HSH Nordbank, in trying to sell interests in leveraged-buyout funds as regulators impose more stringent capital reserve requirements.

Click here for the story from Bloomberg.