DWS Hires Blackstone’s Spasov for New Capital Solutions Business

Deutsche Bank AG’s asset management arm DWS Group has hired Vlado Spasov to lead its new Capital Solutions business, in a further effort to grow its €111 billion ($118 billion) alternatives unit.

Capital Solutions will be part of DWS’s alternative credit business and target returns in the 15% to 25% range, according to Dan Robinson, DWS’s head of alternative credit for Europe, the Middle East and Africa.

The strategy, which has been popular among hedge funds and alternative managers lately, can be viewed as an extension to private credit, offering tailored and private junior and senior debt as ...