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Private Equity Week Wire for Wednesday 10/3

LONDON — Kleinwort Development Fund PLC (KDF), an investment trust, and Dresdner Kleinwort Capital (DrKC), the private equity business of Dresdner Bank, are pleased to announce a new joint venture company, Kleinwort Capital Ltd. (The new joint venture arrangements and the intention of KDF to change its name to Kleinwort Capital Trust PLC are subject to the approval of KDF shareholders and are expected to complete by the end of October 2001).

In addition, both KDF and DrKC intend to commit