The fund will invest in private equity, private credit, private infrastructure, and private real estate
Deutsche Bank, DWS and Partners Group launched an evergreen private markets Eltif for investing in private equity, private credit, private infrastructure, and private real estate (press release).
The fund will carry on direct investments, co-investments, subscribe evergreen instruments, primary and secondary deal and allocate its resources in solutions that Partners Group and operators selected.
Partners Group (PG) will act as strategic manager and portfolio manager for the fund. In 2001, the firm pioneered the launch of private markets evergreen vehicles and in 2017 created the first unlisted assets ELTIF. PG has a solid reputation of provider of innovative portfolio solutions. DWS is the asset management unit of Deutsche Bank and will act as the fund’s formal manager (AIFM – Alternative Investment Fund Managers).
The open evergreen vehicle is compliant with the European legislation Eltif 2.0 and from 4Q25 it will be available only to professional and qualified retail investors. The fund allows the subscription and redemption of tickets on a quarterly basis subject to a minimum initial holding period and the communication of notice.
Claudio de Sanctis, part of Deutsche Bank Management Board and Head of Private Bank, said: “Over the past few years, we have steadily expanded the investment offering for our clients. Private markets offer opportunities to create long-term value and contribute to stability in clients’ portfolios. With Partners Group as manager, clients will benefit from the long-standing experience of a market leader in the Evergreen industry”.
Steffen Meister, Executive Chairman of Partners Group, added: “We are delighted to have been chosen by Deutsche Bank as their exclusive partner for evergreen solutions in private markets and are determined to work with them and DWS to make institutional-grade private market investments accessible to retail clients. Our transformative approach to investing and our strong portfolio management skills and Deutsche Bank’s ubiquity will allow us to further expand access to first-class private market investments and generate real value for investors.”
Stefan Hoops, ceo of DWS, said: “This collaboration is in line with our broader strategy of providing our clients with privileged access to Europe, enhancing the region’s untapped potential; exactly the objective behind the creation of this new investment solution. The combination of our distribution capabilities, private market expertise, proven investment track record and deep product knowledge will together enable us to provide greater access to private markets and enable investors to further diversify portfolios across alternative asset classes.”
