Partners Group works with Deutsche Bank on its first evergreen private markets fund
Partners Group will be the strategic partner and portfolio manager of Deutsche Bank’s first evergreen private markets fund for private clients, which will be able to invest in Partners Group-led solutions.
The new fund, launched in collaboration with DWS and Partners Group, will be accessible exclusively to the bank’s qualified private clients, focused on those in the European Economic Area and Switzerland, with a low minimum investment.
Available for subscription in the third quarter of 2025, the fund will be offered in an evergreen format under the European Long-Term Investment Fund (ELTIF) 2.0 regulation.
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Partners Group launched one of the private markets industry’s first evergreen funds in 2001 and the first private markets ELTIF in 2017.
According to Partners Group, this structure offers more flexibility than traditional closed-ended private markets solutions because of its regular entry and exit options under normal market conditions, subject to an initial holding period and notice period, therefore making it suitable for private clients.
DWS, Deutsche Bank’s asset management arm, is acting as alternative investment fund manager.
The fund will be diversified across regions, financing stages, and asset classes, including private equity, private credit, infrastructure, and real estate, offering diversification among direct, co-investments, evergreen, primary, and secondary opportunities.
It will invest in Partners Group-led solutions, as well as in opportunities presented by other private markets managers.
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“Private markets offer potential for long-term value creation and stability in client portfolios,” said Claudio de Sanctis, member of the management board and head of the private bank at Deutsche Bank.
“With Partners Group as portfolio manager, clients will benefit from the deep expertise of the market leader in the evergreen area.”
Partners Group said it expects to see a positive contribution to assets under management over the long term as a result of the partnership.
“Combining our transformational investing approach and comprehensive portfolio management capabilities with Deutsche Bank’s reach will allow us to further advance access to premier private market investments and create true value for investors,” Steffen Meister, executive chairman of Partners Group, added.
Stefan Hoops, chief executive of DWS, said the offering will provide “greater access to private markets and empower investors to further diversify their portfolios across several alternative asset classes for the first time”.
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