The document outlines the investment strategy of DB Secondaries, focusing on off-market transactions globally, primarily smaller deals ranging from US$5m to US$50m, with an average deal size of US$28m. The strategy leverages Deutsche Bank's platform for sourcing and due diligence, with 70% of deals being proprietary. It emphasizes sophisticated portfolio management, including currency hedging and cash management, and aims to purchase mature fund interests at a discount, with 83% funded at entry and a 25% average discount to FMV. The approach is selective, focusing on value creation through fundamental analysis.
documents/EFTA01451803.pdf
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