Global asset manager DWS and Northwestern Mutual’s private markets division, Northwestern Mutual Capital (NMC), have formed a strategic partnership to identify and develop private market opportunities.NMC has been investing in private markets for more than 40 years, and the partnership represents a strong addition to DWS’s private asset offering to institutional investors. Through the partnership, NMC will grow third-party assets and further diversify in collaboration with DWS’s global private equity team. For DWS, this partnership accelerates a strong growth area for its business as investors continue to increase their commitments to private market strategies.
“The close relationship between NMC and DWS, combined with demand for differentiated alternative strategies from DWS’s global institutional client base, make this partnership a clear and logical next step for our business,” says Mark McDonald, Global Head of Private Equity at DWS.
“We are delighted to establish this partnership with NMC, a respected, high-quality institution, and we look forward to a long collaboration as we build further capabilities for our clients,” says Kumber Husain, Head of Private Equity, Americas at DWS.
Benefits to NMC in partnering with DWS include the ability to leverage DWS’s investment strength and capabilities, global presence and deep relationships with institutional investors around the world. This partnership will also provide NMC with the opportunity to further advance its position as a trusted, long-term partner for leading private equity groups and their portfolio companies.
“Joining forces with DWS will enable Northwestern Mutual Capital to provide private equity related solutions to an expanded institutional investor base while continuing to support Northwestern Mutual’s appetite for these assets,” says Jeff Lueken, Senior Vice President, Northwestern Mutual. “We have a unique strategic partner in DWS – their global reach and client servicing capabilities will be integral to the growth of our third-party platform.”