PRINT THIS PAGE Axa Private Equity buys $382m portfolio of funds from Deutsche Bank26/10/2004. Source: AltAssets. 
 Axa Private Equity has bought a portfolio of 21 fund investments with total commitments of $382m from Deutsche Bank. The portfolio of established US funds, mainly in the buy-out sector, is less than 50 per cent funded.
Earlier this year Axa closed an E250m fund to invest in early secondary funds, which has committed $120m to this transaction.
Deutsche's sale is part of its ongoing strategy to reduce its exposure to private equity.
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