Dresdner Kleinwort Capital (DKC), under the global direction of Christopher Wright, has plans to double the private equity exposure of its parent, Dresdner Kleinwort Wasserstein, over the next two to three years. Currently, the group’s exposure stands at circa $4 billion, which is a mix of direct investment where DKC is either the manager or co-manager (circa $3.2 billion),
and the remainder is accounted for by capital invested in third party funds.
The doubling of DKC’s exposure to private equity will be achieved through a mix of organic and acquisitive growth, such as the recent acquisition of early stage software technology investor Elderstreet. Wright comments that two or three more such acquisitions, on a global basis, may be achieved by year end.
DKC is also expected to commit between 10 per cent to 15 per cent of all new fund raisings across the group this year.
See Face to face interview with Christopher Wright, global head: private equity, at DKC on page 46 this issue.