RREEF Closes First Private Equity Fund

Mar 21 2007 | 12:30pm ET

New York-based RREEF Alternative Investments has held the final close of it’s first private equity offering at $775 million.

RREEF, the alternative investments business of Deutsche Bank, said investors in the DB Secondary Opportunities Private Equity Fund hail from the U.S., Europe and the Middle East.

The fund has already agreed to acquire 97 p.e. interests from its parent for $415 million, and will invest in secondary positions in existing partnerships and co-invest in other companies.

The new fund is managed by Charles Smith, head of global private equity, and Carlo Pirzio-Biroli.


In Depth

Humble in Hofstra...One Debate an Election Can Make

Sep 26 2016 | 10:20am ET

Tonight's U.S. Presidential debate, infamously coined the “Humbling in Hofstra...

Lifestyle

Quattrex Sports AG Debuts Soccer-Focused UCITS Fund

Sep 9 2016 | 9:54pm ET

Innovative alternative investment company Quattrex Sports has unveiled a new UCITS...

Guest Contributor

Malik: The Ever-Changing Middle Market and The Entering Class of 2016

Sep 2 2016 | 5:01pm ET

Deal sourcing and origination is only going to get more competitive given current...