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

Q&A: Reg A+ Will Transform the Alternative Asset Landscape

Jul 7 2015 | 4:03pm ET

In addition to easing capital formation for small companies, Regulation A+ has enormous...

Lifestyle

Fiat Chrysler Files Paperwork For Ferrari IPO

Jul 23 2015 | 5:05pm ET

Italian sportscar maker Ferrari has taken a step closer to a stock market listing...

Guest Contributor

Lifting of Foreign Ownership Limits Signals Sea Change in Vietnam's Capital Markets

Jul 28 2015 | 3:01pm ET

The lifting of restrictions on foreign ownership limits in Vietnam later this year...

 

Editor's Note