Deutsche Bank AG is launching a new investment manager DB Investment Partners (DBIP) targeting private credit opportunities on behalf of both institutional clients and high net worth investors, according to a report by Bloomberg.
The report cites a statement released by the bank as confirming that DBIP will invest in corporate, real estate, asset-based, infrastructure, and renewable finance lending opportunities, among other private debt strategies.
Other banks have also made moves into the private credit space this year, including JPMorgan Chase & Co, which invests from its balance sheet, and Societe Generale SA, which has plans to raise a €10bn fund in partnership with Brookfield Asset Management Ltd.
