Deutsche Bank Heats Up Private Markets Race for Europe’s Rich

Deutsche Bank AG is ramping up efforts to offer wealthy clients in Europe access to private markets, fueling a global race to tap into a deep pool of well-heeled individual investors in the region.

Germany’s biggest lender is launching a private markets fund in collaboration with its asset-management arm, DWS Group, and Swiss buyout firm Partners Group Holding AG that will be available for wealthy clients beginning in the third quarter, according to a statement on Tuesday.

Partners Group will serve as the portfolio manager of Deutsche Bank’s first perpetual private markets fund, which will allocate to areas including ...