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Alternative Market Briefing

DWS and NMC team up on alternatives

Friday, July 10, 2020

Laxman Pai, Opalesque Asia:

The global asset manager DWS is forming a partnership with Northwestern Mutual Capital (NMC), the private markets division of US insurer Northwestern Mutual.

DWS said NMC had been investing in private markets for more than 40 years, and that the partnership, which is to identify and develop private market opportunities, "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, said a joint press release.

For DWS, this partnership accelerates a strong growth area for its business as investors continue to increase their commitments to private market strategies.

Northwestern Mutual Capital is the $55 billion private markets business of insurance firm Northwestern Mutual. Assets include $13 billion of private equity and related investments, a news release said.

DWS Group has $772 billion of assets under management. Its private markets AUM is not available.

"The close relationship between NMC and DWS, combined with the demand for differentiated alternative strategies from DWS's global institutional client base, make this partnership a clear and logical next step for our business," said 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 ......................

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