Deutsche Bank Secondaries Opportunities Fund II Collects $614 Mln

DB Private Equity & Private Markets said Monday that its DB Secondary Opportunities Fund II has raised $614 million. The target of DB SOF II was $500 million. New and existing investors include insurance companies, public and corporate pension plans and family offices across the Americas, EMEA and Asia Pacific. DB SOF II will buy private equity fund interests in the secondary market globally. DB Private Equity & Private Markets is the private markets unit of Deutsche Bank Asset & Wealth Management.

PRESS RELEASE

Deutsche Bank’s Asset & Wealth Management division announced today that DB Private Equity & Private Markets has raised $614 million for the DB Secondary Opportunities Fund II (DB SOF II), exceeding its $500 million target. DB SOF II is dedicated to acquiring a diversified set of private equity fund interests in the secondary market globally. The close of DB SOF II included new and existing investors, such as insurance companies, public and corporate pension plans and family offices across the Americas, EMEA and Asia Pacific.
Carlo Pirzio-Biroli, Co-Head of DB Private Equity & Private Markets and Secondary Funds, said, “This successful capital raise demonstrates how DB Private Equity & Private Markets leverages its differentiated approach to secondary investing and the depth of the Deutsche Bank platform to deliver a compelling investment solution for our clients.”
Stephane Farouze, Head of Alternatives and Fund Solutions, which includes DB Private Equity & Private Markets, commented, “As investors continue to actively manage their alternatives portfolios, we believe the secondary market fundamentals will remain attractive in 2013. We will continue to expand our secondary investment platform to provide clients with access to unique investment opportunities across the private equity, hedge funds, real estate and infrastructure asset classes.”
The oversubscribed close of DB SOF II follows the success of the DB Secondary Opportunities Fund (DB SOF), DB Private Equity’s secondary fund offering closed in 2007.