Deutsche Bank’s DB Private Equity division is looking to raise a $1bn private equity secondaries fund, less than a year after raising $614m for its second dedicated vehicle, Bloomberg has reported.
DB Secondary Opportunities Fund III will follow a similar strategy to its predecessors, targeting private equity fund interests in the secondary market around the world.
DB SOF II exceeded its initial $500m target with an oversubscribed final closing in February of last year.
DB Private Equity is one of the largest alternative investment managers in Europe with client commitments of more than €7.9bn, across primary fund of funds, secondaries, co-investments and separate managed accounts. The firm’s portfolio currently comprises private equity and private debt fund commitments to more than 250 GPs
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