Aztec Group to administer €1bn fund

Thursday 01 October 2020

The Aztec Group has been appointed to administer a Deutsche Private Equity Fund worth €1bn (£908m).

DPE is an independent German investment company that predominantly invests in small and medium-sized companies based in Germany, Austria and Switzerland.

Aztec Group supported DPE in the establishment of its latest fund, Fund IV, which now has commitments totalling €1bn.

Aztec will provide ongoing administration, reporting and investor services to the fund from its offices in Jersey, Luxembourg and the Netherlands. 

“We’re delighted to support DPE with their new fund and build on our long-standing multi-jurisdictional relationship," Aztec Group Director Andreas Demmel (pictured top), said.

"Aztec has been working with DPE and other leading names in the DACH private equity market 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, Chief Financial Officer 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.”