DB Cap’s Flynn to Head PE Activities –

DB Capital Partners last month appointed Charles Flynn as head of fund investing. Flynn will be based in New York, and he will report to Ted Virtue, chairman and CEO of DB Capital Partners.

Prior to joining DB Capital Partners, Flynn served as a managing director at AXA Investment Managers where he founded the firm’s global third-party fund-of-funds business. Flynn’s leveraged buyout experience originates from his days with Kelso & Co. where he was involved in buyout transactions.

In his new capacity, Flynn will oversee all of Deutsche Bank‘s private equity fund investing activities, which include managing the firm’s fund-of-funds and secondary fund investing businesses. Bill Walsh will continue as the head of private equity fund investing and Brian Talbot remains head of secondary fund investing.

“Chuck’s background in growing a global fund-of-funds business and his relationships with leading institutional investors will be very valuable to the firm,” said Virtue. “He brings added breadth to the group’s operational, due diligence and management team.”

DB Capital has been expanding its product offering as well as its personnel. The group last July hired John Eydenberg away from Morgan Stanley and appointed him as a director in its high-yield capital markets team (Buyouts July 30). Eydenberg is based in London where he is focused on expanding the European high yield and leveraged finance groups in cooperation with the London-and Frankfurt-based teams. The firm last March formed a $1 billion mezzanine debt fund to invest in North American and Western European companies.