RREEF Alternative Investments, the alternative investments business of Deutsche Bank’s Asset Management division, is to acquire a minority s...

RREEF Alternative Investments, the alternative investments business of Deutsche Bank’s Asset Management division, is to acquire a minority stake in Aldus Equity, an alternative asset management and advisory boutique specialising in customised private equity investing.

The firms will form a strategic partnership to develop private equity fund of funds products for institutional and high net worth investors.

Deutsche Bank’s Asset Management division recently consolidated its alternative investments platform under RREEF Alternative Investments, which now consists of four businesses; real estate, infrastructure, absolute return strategies and private equity.

“This partnership exemplifies our commitment to expand the alternative investments platform as part of our broader global growth strategy,” said Kevin Parker, global head of Deutsche Asset Management.

Aldus will continue to be managed by its existing principals. The firm has over $3 billion in assets under management, including more than $600 million in new mandates won since October 2006.