DBAG funds

DBAG funds pool the assets of German and international institutions – pension funds, funds of funds, banks, foundations, insurance companies or family offices. These assets constitute the largest part of our capital base. The DBAG funds invest on their own account. The contractual terms at which they do so are aligned to the principles found in the private equity sector.

Deutsche Beteiligungs AG currently advises the assets of more than 60 investors in seven private equity funds. This includes the assets of the funds that are presently investing: DBAG Fund VIII and DBAG ECF IV. 

Primary funds

DBAG fundLaunchedSizeStatus
DBAG ECF IV2024€250mnActive
DBAG Fund VIII2020€1,109mnActive
DBAG ECF III2018€105.7mnInvestment period terminated
DBAG Fund VII2016€1,010mnInvestment period terminated
DBAG ECF II2016€85mnInvestment period terminated
DBAG Fund VI2012€700mnInvestment period terminated
DBAG ECF I2011€213mnInvestment period terminated
DBAG Fund V2006€539mnRealised
DBAG Fund IV2002€328mnRealised
DBG Fonds III1998DM283mnRealised
DBG Fonds II1975DM139mnRealised
DBG Fonds I1965DM473mnRealised


DBG Fonds I, DBG Fonds II and DBG Fonds III had a basically different structure and investor base than the funds launched since 2002.

Secondary funds

DBAG fundAuflegungVolumenStatus
DBAG Solvares Continuation Fund2024€130mnInvestment period terminated

 

Each of the DBAG funds consists of several entities to account for country-specific and regulatory requirements, among other things. Investments by members of the DBAG investment team are also made through separate entities. The funds invest together with Deutsche Beteiligungs AG and the members of the investment team at a contractually fixed co-investment ratio for each fund. Co-investments by DBAG alongside the funds are also made via a separate entity in each case. This entity invests at the same terms and in the same instruments. Thus, the investment ratio between DBAG and the other investors is fixed for the lifetime of a fund. This structure ensures an identity of interest between the investors in the funds and DBAG with its shareholders.

We maintain a close, regular dialogue with our investors.

Investors: type

Created with Highcharts 9.3.0Pension fundsInsuranceFund of fundsFamily OfficesBanksEndowmentSWFAsset Manager

Investors: regions

Created with Highcharts 9.3.0Europe, ex-GermanyGermanyNorth AmericaROW

The charts above consider the investors of DBAG ECF II and DBAG ECF III, DBAG Fund VII and DBAG Fund VIII (as of October 2020).

Contact

Sigrid Rosemeyer
Sigrid Rosemeyer
Sigrid Rosemeyer
+49 69 95787-296

Sigrid Rosemeyer

Managing Director

Sigrid Rosemeyer joined the Fund Investor Relations department of Deutsche Beteiligungs AG in 2024.

Before joining DBAG, Sigrid Rosemeyer was a Managing Director at Capital Group for six years. Prior to that, she worked in asset management at Helaba Invest as Director Institutional Sales. Sigrid Rosemeyer began her career at Merrill Lynch, where during her 14-year tenure she was initially responsible for Fixed Income Institutional Clients, Equity Derivatives and most recently Structured Fund Sales in the DACH region.

Sigrid Rosemeyer holds a Bachelor's degree in Finance from the Frankfurt School of Management and Finance, Frankfurt/Main.

Constanze Smits
Constanze Smits
Constanze Smits
+352 20 3344 13

Constanze Smits

Director Fund Services

Constanze Smits joined DBAG Luxembourg in 2025.

Before joining DBAG she worked as a Director Fund Distribution (Institutional Clients) at Universal Investment, and as an Associate Director (Institutional Clients) at Capital Group.

Constanze Smits holds a diploma in international business administration from the University of Applied Sciences Emden.

Three questions for Sigrid Rosemeyer

They are clearly satisfied with how we put their capital to work in the precedessor funds. Investors consider it important that their capital is invested as agreed at the start of a fund’s term, which, after all, is at least ten years. For example, they expect that we will invest within the agreed period and will achieve the returns that were envisaged and that the fund will unvaryingly adhere to its investment strategy.

For regulatory reasons, only professional investors can become partners in the funds. Nearly all investors have an extensive programme for commitments to private equity funds – regularly investing, for example, in funds focused on certain geographical regions, sectors, company sizes and investment types. To limit the number of investors in an individual fund, a minimum amount may be specified that each investor must commit.

This depends very much on the investment progress of the funds from which investments are currently being made. DBAG Fund VIII made its first investments in September 2020 and we expect the investment period to last about four years.

Do you have questions for Sigrid Rosemeyer?