Sunday, 3 May 2015
Last updated 2 days ago
Jul 2 2007 | 11:15am ET
RREEF Private Equity, a unit of the alternative investments business of Deutsche Bank Asset Management, has completed the acquisition of a minority stake in private equity boutique Aldus Equity.
The two firms have formed a strategic partnership to develop private equity fund of funds products for institutional and high net-worth investors. Aldus will continue to be managed by its existing principals.
Aldus manages dedicated fund of funds that invest directly in private equity funds, as well as co-investment funds that invest alongside private equity funds. As of January, the firm has approximately $3 billion in assets, including more than $700 million in assets raised since October of last year.
RREEF Private Equity invests in private equity funds, is a minority co-investor in direct investments and is an active provider of liquidity to existing private equity investors. Its product offerings include the DB Secondary Opportunities Fund, which pursues investment opportunities globally in the secondary market for private equity and minority co-investments.
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…