These shareholders will continue to own the broker's private equity arm and its fund management business, which counts Queen Elizabeth II among its clients.

Wachovia's private equity arm operated as Wachovia Capital Partners.

The firm's public equity arm, Vantage, applies New Mountain's research and business building strengths towards non-control positions in publicly traded companies.

The consortium includes the Texas Pacific Group and the private equity arm of Goldman Sachs.

According to its Web site, Capital International's private equity arm has invested more than $845 million in more than 50 ventures across 16 countries since 1992.

The private equity arm of UBS also continued to be a drag on finances.

Investors also included Citigroup's private equity arm and Aozora Bank of Japan.

It was sold to the private equity arm of Legal & General in December 2004 for £80 million (€120 million).

L-3 was once owned in large part by Lehman's private equity arm.

GS Capital Partners is the private equity arm of Goldman Sachs.