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Year Founded: 1956

AUM: $866.5B | Dry Powder: $4.14B

Mainzer Landstreet 11-17, 60329 Frankfurt, Germany
Deutsche Asset Management is an asset management firm headquartered in Frankfurt, Germany. The firm develops and manages tailor-made investment solutions for clients and offers individuals and institutions traditional and alternative investments across all major asset classes

Key Contacts

  • Asoka Woehrmann
    Chief Executive Officer
  • Claire Peel
    Chief Financial Officer
  • Mark Cullen
    Chief Operating Officer & CEO, Americas

Investment Preferences

  • Preferred Industries
    IT Services, Other Business Products and Services, Retail
  • Geographical Preference

    N/A

  • Preferred Deal Types
    Buyout/LBO, Debt – General, Loan, Mezzanine
  • Other Investment Preferences
    • Long-Term Investor
    • Seeks ESG investments
    • Will syndicate

Investments By Year

Source: Pitchbook

Funds Closed

RREEF Pan-European Infrastructure Fund III
Vintage: 2021

Size: $3.55B

Dry Powder: $2.84B

Details: The fund made investments across transportation, renewable energy and telecommunications projects

European Direct Lending Fund
Vintage: 2029

Size: $388.8M

Dry Powder: $112.7M

Details: The fund seeks to co-invest in senior European mid-market private loans

DWS Infrastructure Fund
Vintage: 2019

Size: $2.8B

Dry Powder: N/A

Details: The fund preferably invests in IT, Energy & business products

Investments By Industry

Investments By Region

Source: Pitchbook

Key Investments

In January 2021, Deutsche Bank signed a transaction in the Asia Pacific renewable energy sector by providing aid in the arrangement of $2.68 billion acquisition financing for a 50% stake in the “Greater Changhua 1 Offshore Wind Farm” in Taiwan by Caisse de dépôt et placement du Québec (CDPQ) and Cathay PE. The transaction comprises the acquisition, construction and operation of a 605MW offshore wind farm in the Taiwan Strait, developed by Ørsted

In October 2020, private equity firm Trilantic Partners, owner of Vertex Bioenergy sold the company to Deutsche Bank’s infrastructure fund for about €400 million. Vertex Bioenergy is producer of bioethanol in Spain and France. The company develops transport biofuels and manufactures chemical products obtained from renewable resources by means of the use of environmental-friendly technologies that result in a net reduction of pollutant emissions

In December 2019, Argentum Fondsinvesteringer and DWS Group agreed to acquire Cegal Group, a cloud solutions, software and consultancy provider, from Norvest for an undisclosed amount. Cegal is a provider of information technology and geoscience management services

In Aug 2019, DWS acquired 50% freehold interest in a prime, refrigerated distribution centre located in Parkinson, Queensland for A$134.2 million from Frasers Logistics & Industrial Trust (FLT). Frasers to retain remaining 50% ownership

In July 2019, DWS acquired majority stake in The Datacenter Group (TDCG). DWS’ infrastructure business had acquired NLDC from KPN earlier in 2019. Both acquisitions are on behalf of DWS’ European infrastructure fund. The financial details were not revealed. DWS also announced its plans to merge both the businesses

In July 2019, DWS Fund acquired Hansea NV, a Belgian public transport infrastructure operator, from Cube Infrastructure Fund and Gimv. Hansea provides urban and interurban transport services on behalf of public transport operators as well as authorized coach services

In July 2019, DWS, Allianz X, Commerz Real, and Land Hessen co-invested $20 million in Arabesque S-Ray as part of its Series A investment round. Arabesque S-Ray is a global data provider of environmental, social, and governance (ESG) metrics. S-Ray® is an AI-based tool developed by Arabesque that analyses the sustainability performance of corporations using self-learning quantitative models and data scores

In July 2019, DWS acquired 27,000sqm Barberino Designer Outlet mall in Italy for one of its real estate funds. The assets were acquired in Tuscany from Nuveen Real Estate’s European Outlet Mall Fund (EOMF). The financial details were not disclosed

Other Details

DWS is an asset management arm of Deutsche Bank. The firm has $866.5 billion in assets under management across Germany, Americas, EMEA and APAC. It has 3,600 employees worldwide, comprising of approximately ~900 investment professionals and ~700 sales professionals across 23 countries

One of DWS’ latest open fund is DWS Global Infrastructure Debt Fund. The fund is based in Frankfurt, Germany. The fund targets sectors including renewable energy, digital, energy efficiency, utilities, clean mobility, transportation and social infrastructure. It will make 10-15 private infrastructure debt investments.  The fund’s target Size is between $500M – $1B

3i Infrastructure, Access Capital Partners, Akiem, Allianz X, AQR Capital Management, Argentum Fondsinvesteringer, Ariel Investments, Barclays Global Investors, Blackrock Capital Investment, Blue Pearl Energy Service, Bridgeway Capital, Britannia Holdings, Cisco Investments, Citigroup, Cornerstone Capital Management, UBS Group are some of the institutional investors who invest in DWS’ funds

Source: Company Website, Data Centers, Cube Infrastructure, Allianz, BeBeez, Societe Generale, Inrev, RTT News, IPE, Operis