Deutsche Bank buys equity firm stake

26 January 2007

Deutsche Bank's RREEF Alternative Investments division has announced an agreement with Aldus Equity that will see it take a minority stake in the private equity group.

RREEF Alternative Investments has signed a definitive agreement with Aldus that sees the two companies establishing a strategic partnership with the aim of developing private equity fund of funds products targeted at institutional and high net worth investors.

The venture takes RREEF Alternative Investments into the private equity market for the first time, adding to its portfolio in real estate, absolute return strategies and infrastructure.

"This partnership enables us to offer our clients more comprehensive alternative investment options while also capitalizing on Aldus's private equity experience and successful relationships with public pension funds," commented Charles B Leitner, global head of RREEF Alternative Investments.

Kevin Parker, global head of Deutsche Asset Management, added that the agreement "exemplifies our commitment to expand the alternative investments platform as part of our broader global growth strategy".

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