Deutsche Bank is reportedly in advanced talks to sell minority stake in London-based hedge fund firm Arrowgrass Capital Partners to private-equity firm Foundation Capital Partners.
Foundation would pay between $100m and $200m for at least a 20% stake in Arrowgrass, The Wall Street Journal reported citing unnamed sources.
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Arrowgrass, spun out of Deutsche Bank in 2008, has offices in London and New York. The firm manages three funds with combined assets under management of nearly $5 billion.
Deutsche Bank was not immediately available for comment.
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