Deutsche Bank has teamed up with secondaries specialist Coller Capital to distribute a flagship private equity secondaries fund to high-net-worth individuals across Europe and Asia, according to a report by Bloomberg.
The CollerEquity fund, which has more than $800m in net assets, focuses on acquiring secondary stakes in buyout funds. Under the new arrangement, Deutsche Bank will offer the strategy to private banking clients with a minimum investment of €10,000, expanding access to a traditionally institutional product.
The move comes amid surging interest in the secondary market, where investors purchase existing commitments in private equity funds from LPs looking for early liquidity. With deal exits slowing due to rising interest rates and valuation pressure, secondaries have become a key route for liquidity.
Coller Capital, which manages around $40bn in secondaries across private equity, credit, and other strategies, is one of the market’s dominant players, competing with the likes of Lexington Partners and AlpInvest. The Deutsche Bank partnership also marks a strategic shift, more than two years after the bank’s asset management arm DWS Group sold its own secondaries unit to Brookfield Asset Management.
Unlike traditional closed-end PE structures, the CollerEquity fund offers quarterly liquidity, capped at 5% of NAV, making it more accessible to private wealth clients who seek flexibility alongside private market exposure. This evergreen format has become increasingly popular with banks and asset managers aiming to democratise alternatives.
