Deutsche Bank today was awarded a fund services mandate by First
Reserve, the largest global private equity and infrastructure investment
firm exclusively focused on energy.
First Reserve selected Deutsche Bank’s Alternative Fund Services to
provide an integrated bank loan fund administration solution. As part of
the solution, Deutsche Bank is providing its customizable investor
reporting, fund accounting, and bank loan administration services.
“We look forward to growing our platform utilizing Deutsche Bank’s full
range of services,” said Josh Weiner, Managing Director at First
Reserve. “We selected Deutsche Bank for their ability to provide an
integrated model and flexible reporting to our investors.”
“We are delighted to build on First Reserve’s well-established
relationship with Deutsche Bank’s Corporate Banking & Securities and
Asset & Wealth Management divisions,” said Tim Fitzgerald, Global Head
of Alternative Fund Services, Global Transaction Banking at Deutsche
Bank. “This mandate leverages the combined expertise across the entire
Deutsche Bank franchise to deliver exceptional value to First Reserve.”
Deutsche Bank continues to be a leader and innovator amongst fund
services providers. HFMWeek recently recognized Deutsche Bank as the Most
Innovative Fund Administrator in the Over USD 30 billion category
of the HFM US Hedge Fund Services Awards for the second year in a row.
Deutsche Bank’s Fund Services has over USD 200 billion in assets under
administration and offers administrative, custodial and banking services
to hedge funds, private equity-real estate funds, fund of funds, ETFs,
UCITS, and other alternative investment vehicles, from start-up through
growth to maturity. Fund Services is part of Deutsche Bank’s Investor
Services business within Global Transaction Banking’s Institutional Cash
& Securities Services, which has coverage in over 30 countries, more
than 6,000 clients, and over USD 9 trillion in securities under
administration.
About Deutsche Bank:
Deutsche Bank is a leading client-centric global universal bank serving
28 million clients worldwide. Deutsche Bank provides commercial and
investment banking, retail banking, transaction banking and asset and
wealth management products and services to corporations, governments,
institutional investors, small and medium-sized businesses, and private
individuals. Deutsche Bank is Germany’s leading bank, with a strong
position in Europe and a significant presence in the Americas and Asia
Pacific.
About First Reserve:
First Reserve is the largest global private equity investment firm
exclusively focused on energy. With over 30 years of industry insight,
investment expertise and operational excellence, the Firm has cultivated
an enduring network of global relationships and raised more than USD $30
billion of aggregate capital since inception. Putting these to work,
First Reserve has completed more than 475 transactions (including
platform investments and add-on acquisitions) on six continents. Its
portfolio companies span the energy spectrum from upstream oil and gas
to midstream and downstream, including resources, equipment and services
and infrastructure. First Reserve has offices in Greenwich, CT; Houston,
TX; London, U.K. and Hong Kong. Visit us at www.firstreserve.com
for more information.
This release contains forward-looking statements. Forward-looking
statements are statements that are not historical facts; they include
statements about our beliefs and expectations and the assumptions
underlying them. These statements are based on plans, estimates and
projections as they are currently available to the management of
Deutsche Bank. Forward-looking statements therefore speak only as of the
date they are made, and we undertake no obligation to update publicly
any of them in light of new information or future events.
By their very nature, forward-looking statements involve risks and
uncertainties. A number of important factors could therefore cause
actual results to differ materially from those contained in any
forward-looking statement. Such factors include the conditions in the
financial markets in Germany, in Europe, in the United States and
elsewhere from which we derive a substantial portion of our revenues and
in which we hold a substantial portion of our assets, the development of
asset prices and market volatility, potential defaults of borrowers or
trading counterparties, the implementation of our strategic initiatives,
the reliability of our risk management policies, procedures and methods,
and other risks referenced in our filings with the U.S. Securities and
Exchange Commission. Such factors are described in detail in our SEC
Form 20-F of 20 March 2014 under the heading “Risk Factors”. Copies of
this document are readily available upon request or can be downloaded
from www.db.com/ir.
Copyright Business Wire 2014