Leading global asset manager DWS and Northwestern Mutual’s private markets division, Northwestern Mutual Capital (“NMC”), announced an agreement to enter into a strategic partnership to identify and develop private market opportunities.
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“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”
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,” 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 collaboration as we build further capabilities for our clients,” said 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.
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