DWS secures €350m for co-investment debt fund

The fund will give institutional investors access to Deutsche Bank-originated senior loans.

DWS Group has raised more than €350 million for its closed-ended European Direct Lending Fund at first close.

The fund will exclusively make co-investments alongside Deutsche Bank’s European Direct Lending business in senior, European mid-market loans. The direct lending business is part of Deutsche’s global financing and credit trading unit and has invested in more than €5 billion across senior and opportunistic credit since 2012.

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