Deutsche Asset Management's newly reorganized alternative investments business, RREEF Alternative Investments, will acquire a minority stake in Aldus Equity, a private equity management and advisory boutique, said DeAM spokeswoman Mayura Hooper. The two sides aren't releasing details about the price or size of the stake, although Ms. Hooper described it as "significant." The two firms will form a strategic partnership to develop private equity funds of funds for institutional and high-net-worth individuals. The transaction with Aldus is expected to be completed during the first half of the year.
Separately, Deutsche Asset Management consolidated its alternatives businesses - real estate, infrastructure, absolute-return strategies and private equity - under RREEF Alternative Investments. RREEF had been the group's real estate and infrastructure business.
