DPE appoints Aztec for fund administration services
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DPE appoints Aztec for fund administration services 18 September 2020Luxembourg Reporter: Becky Bellamy
Image: Aztec Group
Aztec Group has been selected to provide ongoing administration, reporting and investor services to Deutsche Private Equity’s (DPE) €1 billion Fund IV from its offices in Jersey, Luxembourg and the Netherlands.
Deutsche Private Equity, which was established in 2007 and has more than €2 billion of assets under management, mainly invests in small and medium-sized companies based in Germany, Austria and Switzerland.
The independent German investment firm largely focuses on business services, energy, environmental technology and the healthcare sector, and will continue with this investment strategy for Fund IV.
Fund IV, which is DPE’s latest fund, was significantly oversubscribed and has commitments totalling €1 billion with a global investor base spanning Europe, North America and Asia.
Andreas Demmel (pictured above), director, Aztec Group, said: “We’re delighted to support DPE with their new fund and build on our long-standing multi-jurisdictional relationship. Aztec has been working with DPE and other leading names in Germany, Austria and Switzerland (DACH) private equity markets for over 10 years, particularly in the mid-market space, so it’s great to see our specialist expertise in this area continue to be recognised.”
Sadia Wern-Sukhera, CFO at DPE, added: “Aztec Group remains an important partner to our operations, having supported us on the launch and running of Fund II and Fund III. Our excellent existing relationship with Aztec, together with their proven credentials in the mid-market sector and in particular the DACH region, were among the main reasons why we chose to work with the group again.”
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Image: Aztec Group 