Deutsche Bank Announces New Private Equity Fund Of Funds Unit

Apr 6 2010 | 1:54pm ET

Deutsche Bank is establishing a new private equity fund of funds business within its asset management unit.

The bank announced today that it will combine three existing businesses under the new group entitled, DB Private Equity, which will manage approximately €6 billion of private equity fund of fund client assets.

The three units that are being rolled into one are the Private Equity Group of Deutsche Bank Private Wealth Management, the Secondaries Private Equity Team of RREEF and Sal. Oppenheim Private Equity Partners.  The move follows the closing of the Sal. Oppenheim Group acquisition.

Chris Minter has been named global head of DB Private Equity. He will report to Kevin Parker, global head of Deutsche Asset Management and a member of Deutsche Bank’s Group Executive Committee. 

Rolf Wickenkamp, until recently a partner at Sal. Oppenheim Private Equity Partners, has been appointed vice chairman of the new combined group.


In Depth

Royalties: The Alternative Assets of the Music Industry

Jul 8 2016 | 7:01pm ET

Recent market volatility has investors seeking greater insight into alternative...

Lifestyle

Vortic: Making Great American Watches Again

Jul 25 2016 | 6:29pm ET

If you are compelled by stories of entrepreneurial vision & drive, or simply...

Guest Contributor

MPI: Like Stellar Returns? Better Understand the Risks First

Jul 22 2016 | 8:44pm ET

When the press reports extraordinarily strong relative or risk-adjusted returns...