DWS Invests in Nippon Life’s India Alternatives Business
The asset management unit of Deutsche Bank has agreed to acquire a stake in an alternatives investment company in India.
DWS has signed an agreement to invest in a 40 percent stake in Nippon Life India AIF Management Limited (NIAIF), according to a statement, subject to regulatory approvals and other business-related conditions. NIAIF is a subsidiary of Nippon Life India Asset Management Ltd (NAMI), an Indian asset manager sponsored by 132-year old Japan-based Nippon Life Insurance Company.
The deal aims to develop the DWS-NAMI joint venture into a «leading, scalable alternatives platform, enabling both Indian and international investors to participate in the long-term growth opportunities of the Indian alternatives market».
NIAIF currently has an alternatives product portfolio across private credit, listed equities, real estate and venture capital. It will look to further expand its offering and extend its reach to offshore investors.
In addition, DWS and NAMI will continue to pursue close strategic collaboration with the development and launch of passive investment solutions, as well as a global agreement for the distribution of actively managed India strategies through the German asset manager’s international network.
