Deutsche Bank has decided to keep Morgan Grenfell Private Equity despite selling its direct private equity investments, according to a source close to the bank.

The source said: "Morgan Grenfell Private Equity manages a €300m ($296m) to €400m portfolio that it is now harvesting. Investors are pleased with it after some traumatic experiences. We have no reason to want to change Morgan Grenfell Private Equity's situation."

Deutsche to keep Morgan Grenfell Private Equity

William Hutchings

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