DWS closes secondaries fund at $550m

DWS held the final close of its inaugural Private Equity Solutions (PES), a mid-life secondaries strategy, with $550 million.

The fundraise includes discretionary co-investment vehicles and according to the $1.1 trillion asset manager demonstrates the demand for secondaries on the part of pension plans, insurance companies and family offices across North America, Europe and in the Middle East.

“We are proud to have attracted such a high-quality investor base to our mid-life secondaries strategy, which offers an appealing solution to private equity sponsors to continue growing their better performing assets . . .

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