DWS, a European global asset manager 79.5 percent owned by Deutsche Bank, is looking to raise at least €2.5 billion ($2.78 billion) for a new infrastructure fund, three anonymous sources with knowledge of the matter told Reuters.
DWS expects to hold a first close for the fund in early fall with around €1.5 billion ($1.7 billion) in capital commitments.
The new fund, PEIF III, will be launched next year. DWS will allocate part of the fund to core-plus infrastructure assets.
