Deutsche Bank closes $614m secondaries fund

The fund was raised by the bank's DB Private Equity/Private Markets unit, which is part of the asset & wealth management division. It follows DB's Secondary Opportunities Fund (DB SOF), which closed in 2007.

The bank expects the secondary market fundamentals to remain attractive in 2013 and stated it will continue to expand its secondaries investment platform.

Investors
DB SOF II received commitments from new and existing investors, such as insurance companies, public and corporate pension plans and family offices across the Americas, EMEA and Asia Pacific. 

Investments
The fund is dedicated to acquiring private equity fund interests in the secondary market globally.

People
Stephane Farouze is head of DB's Alternatives and Fund Solutions unit, which includes DB Private Equity/Private Markets. 

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• Topics
• Secondaries
• DACH
• Deutsche Bank
• Germany