Deutsche Bank’s Asset Management business launches Private Equity Fund of Funds unit
Following the closing of the Sal. Oppenheim Group acquisition, Deutsche Bank is establishing a new private equity fund of funds business within its Asset Management division. The bank will combine the following three existing businesses under the new group entitled, DB Private Equity: the Private Equity Group of Deutsche Bank Private Wealth Management, the Secondaries Private Equity Team of RREEF and Sal. Oppenheim Private Equity Partners (SOPEP).
Chris Minter, a Managing Director has been named Global Head of DB Private Equity reporting to Kevin Parker, Global Head of Deutsche Asset Management division and a member of Deutsche Bank’s Group Executive Committee. Rolf Wickenkamp, until recently a partner at SOPEP has been appointed Vice Chairman of DB Private Equity. The new group manages approximately EUR 6 billion of private equity fund of fund client assets.
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