Deutsche Bank plans multi-strategy push into private credit

Deutsche Bank plans multi-strategy push into private credit

Banking















Bloomberg

Deutsche Bank AG is planning a fresh push into private credit across a range of strategies, according to people familiar with the plans.

The plans include raising money from external investors to expand its offering in the $1.2 trillion market. The lender is seeking to raise about 2 billion euros ($2.14 billion) initially from new and existing investors for a range of potential investments including

corporate, real estate, and distressed credit, said one of the people, who isn’t authorised to talk about it and asked not to be identified.

The push is being led by Raheman Meghji, a managing director at the bank, the person said. The team also includes Grzegorz Blicharz, a managing director and specialist in distressed debt and real estate, as well as Appu Mundassery, who was recently hired as a managing director to lead on corporate credit, the person said.

A spokesman for Deutsche Bank declined to comment on the move.

The move will allow Deutsche Bank to profit from the kind of investments it typically arranges for others, said the person. With a pool of capital to tap into, the bank will earn fees on