Other Private Equity/Strategic Investments
Germany’s DWS Group to acquire 40% stake in Nippon Life India’s alternatives arm
German asset manager DWS Group is to acquire a 40% stake in Mumbai-based Nippon Life India AIF Management (NIAIF), a subsidiary of Nippon Life India Asset Management (NAM India). The move to form a joint venture involves DWS investing in NIAIF to enhance and expand its alternative investment platform, which currently manages close to USD 1 Billion in commitments.NIAIF manages a diversified portfolio that includes private credit, listed equities, real estate, and venture capital. The new funds from DWS are intended to strengthen and expand this existing alternative investment platform and broaden NIAIF's product suite.DWS previously operated as part of Deutsche Bank until 2018, when it became a separate entity through an initial public offering on the Frankfurt Stock Exchange.
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