The firm will unite the private equity group of
Chris Minter will serve as the global head of the newly united shop. Minter has held several positions at Deutsche Bank during the past nine years. Most recently he served as the head of business development for the asset management division. He also oversaw the firm’s corporate investment unit and has broad experience with private equity, said a spokesperson. Minter will report to Kevin Parker, global head of Deutsche Asset Management. Rolf Wickenkamp will serve as vice chairman of DB Private Equity. He was previously a partner at Sal. Oppenheim Private Equity.
In November, Deutsche Bank said it would acquire investment banking firm Sal. Oppenheim Group, including the holding company Sal. Oppenheim Private Equity Partners, for about €1.3 billion, as previously reported in Buyouts. Sal. Oppenheim Group’s funds-of-funds unit had about €5 billion in assets under management, as of June 30. At that time, Deutsche Bank’s private equity group managed more than $3 billion.
Deutsche Bank has ran into trouble in the past when it tried to expand into funds of funds. In 2007, the bank announced it had agreed to acquire a stake in
The firm would not comment on any upcoming fundraising or commitment activity.