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

Related-Company Fees: Normal Industry Practice or Conflicted Compensation?

Nov 11 2015 | 4:23pm ET

Regulatory agencies as well as investors are increasingly exploring whether certain...


Ferrari Roars in Wall Street Debut

Oct 21 2015 | 4:28pm ET

Shares of supercar maker Ferrari jumped as much as 15 percent to a high of nearly...

Guest Contributor

Private Debt - What is the Opportunity?

Nov 11 2015 | 3:28pm ET

In this contributed article, Rob Allard, founding partner of Firebreak Capital...


Editor's Note

    Oct 21 2015 | 10:41am ET

    One of the most unique charity benefits in the hedge fund industry, A Leg To Stand On's (ALTSO's) Hedge Fund Rocktoberfest - NYC, raised nearly $500,000 last Thursday thanks to the generous support of major sponsors and nearly 1,400 attendees from the Tri-State finance, business and hedge fund communities. Read more…