Deutsche Bank is close to selling €600m of private equity assets to a number of bidders, including its own private equity operation.

Cogent Partners is auctioning the portfolio of 80 funds of funds, most of which are expected to be bought by DB Private Equity. A Deutsche Bank spokesman confirmed there were other bidders for parts of the portfolio, which is composed of a variety of underlying funds, from large buyout to venture, mezzanine and distressed debt.