Tuesday, 31 March 2015
Last updated 31 min ago
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.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…