Together Rreef Alternative Investments and Aldus will "developprivate equity fund of funds products for institutional and highnet worth investors," according to a release on the deal.

"This partnership exemplifies our commitment to expand thealternative investments platform as part of our broader globalgrowth strategy," says Kevin Parker, global head of Deutsche AssetManagement and a member of the Deutsche Bank Group ExecutiveCommittee, in a statement. Deutsche Bank's asset management unitrecently consolidated its alternative investments, under RreefAlternative Investments. Real estate, infrastructure, absolutereturn strategies and private equity are now the prime focus.

"Partnering with an innovative private equity investor enablesus to tap into the growing demand among our clients forsophisticated private equity offerings," says Charles Leitner,global head of Rreef Alternative Investments, in a statement. "Thispartnership enables us to offer our clients more comprehensivealternative investment options while also capitalizing on Aldus'private equity experience and successful relationships with publicpension funds."