NEW YORK CITY-A minority interest of Aldus Equity will be purchased by Rreef Alternative Investments, the alternative investments business of the asset management division of Deutsche Bank, according to an agreement to acquire. Aldus is an alternative asset advisory and management firm. Its forte is investing in customized private equity.

Together Rreef Alternative Investments and Aldus will “develop private equity fund of funds products for institutional and high net worth investors,” according to a release on the deal.

“This partnership exemplifies our commitment to expand the alternative investments platform as part of our broader global growth strategy,” says Kevin Parker, global head of Deutsche Asset Management and a member of the Deutsche Bank Group Executive Committee, in a statement. Deutsche Bank’s asset management unit recently consolidated its alternative investments, under Rreef Alternative Investments. Real estate, infrastructure, absolute return strategies and private equity are now the prime focus.

“Partnering with an innovative private equity investor enables us to tap into the growing demand among our clients for sophisticated private equity offerings,” says Charles Leitner, global head of Rreef Alternative Investments, in a statement. “This partnership enables us to offer our clients more comprehensive alternative investment options while also capitalizing on Aldus’ private equity experience and successful relationships with public pension funds.”

The transaction is expected to close in the first half of this year.

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