FORTUNE — Credit Suisse (CS) has agreed to sell its remaining limited partnership interests in DLJ Merchant Banking Partners, a private equity group that it originally acquired via the bank’s 2000 purchase of Donaldson, Lufkin & Jenrette. The buyer is Coller Capital, a private equity firm focused on secondary transactions.
The securities being sold appear to be LP interests in DLJ Merchant Banking Partners IV, a $2.1 billion private equity fund raised in 2008. Bloomberg had originally reported that the fund’s remaining management team — including managing director Nicole Arnaboldi — would leave Credit Suisse to form a new firm that would manage the assets on Coller’s behalf. But I’m also hearing the possibility that these folks will remain with Credit Suisse, with the bank continuing to serve as the fund’s general partner (thus collecting carried interest and various fees from Coller).
No word on what Coller is paying for the LP positions, or the fund’s remaining net asset value.
Both Credit Suisse and Coller Capital have thus far declined to comment.
Sign up for Dan Primack’s daily email newsletter on deals and deal-makers: GetTermSheet.com