Core Viewpoint - Deutsche Bank is accelerating its efforts to tap into the private market investment channels for wealthy clients in Europe, aiming to leverage the significant potential of high-net-worth individuals in the region [1][2]. Group 1: Fund Launch and Structure - Deutsche Bank, in collaboration with its asset management subsidiary DWS Group and Swiss private equity firm Partners Group, is set to launch a perpetual private market fund aimed at high-net-worth clients, expected to open in Q3 of this year [1]. - The fund will be managed by Partners Group and will invest in various sectors, including products offered by the Zurich-listed company and other non-public market investment opportunities [1]. - The minimum investment required from clients is €10,000 (approximately $11,800), with an initial asset management size projected between €100 million and €1 billion [1]. Group 2: Market Potential and Growth - Deutsche Bank's executive Alessandro Caironi indicated that the fund could evolve into a significant component of their private asset portfolio, with potential market opportunities reaching billions of euros in the coming years, possibly even up to $10 billion [2]. - The European private market has become a competitive space for Wall Street institutions and global asset management firms, especially following regulatory reforms that have lowered the barriers for individual investors to access private markets [2]. Group 3: Industry Trends and Insights - The number of perpetual funds targeting high-net-worth individuals in Europe has surged due to these regulatory changes, which allow for more flexible subscription and redemption mechanisms [5]. - Major firms like Blackstone and KKR are increasing their presence in the European private market, while BlackRock is also expanding its wealth management efforts in the region after acquiring several private asset companies [5]. - Bain & Company projects that the global private market assets under management will reach $65 trillion over the next decade, more than doubling from the end of 2012 [6]. - Deutsche Bank suggests that high-net-worth clients should allocate up to 24% of their investment portfolios to private markets, although current allocations among European individual investors remain significantly below this level [6].