Friday, 30 January 2015
Last updated 6 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.
Jan 23 2015 | 1:00pm ET
In our new section, FINtech Focus, we will profile one of these firms each week. While fintech is a broad category, we will be focusing on firms that specifically cater to the alternative investment industry. Read more…