DWS Group Aims to Raise $1 Billion in Second Direct Lending Fund

DWS Group, the asset management arm of Deutsche Bank AG, is looking to raise around $1 billion to lend to European corporate borrowers in private markets, according to people with knowledge of the matter.

The Frankfurt-based firm, with €859 billion ($915 billion) of assets under management, is seeking the funds for its second vintage of a European direct lending strategy that is expected by the end of the first quarter next year, said the people, who asked not to be identified. The first fund raked in more than €700 million at its final close announced in October 2022.

DWS declined ...