RREEF Private Equity Hires Adam Graev as a Director

RREEF Private Equity, a part of RREEF Alternative Investments, the global alternatives asset management business of Deutsche Bank’s Asset Management division today announced that Adam Graev has joined its DB Secondary Opportunities Private Equity Fund as a Director. Graev is responsible for the identification and execution of secondary and co-investment transactions in North America. Based in New York, he reports jointly to Charles Smith and Carlo Pirzio-Biroli, both Managing Directors and co-managers of the DB Secondary Opportunities Private Equity Fund. Graev joins the fund from Pomona Capital where he was a Vice President and focused on secondary and secondary direct transactions. Prior to that, he was a Senior Vice President with Lehman Brothers and focused on direct private equity investments. "Adam’s direct and secondary private equity experience made him a natural fit for our team,” said Christopher Hughes, CEO, Private Equity and Hedge Funds at RREEF Alternative Investments. "His relationships with general partners, limited partners and secondary market players will help support RREEF Private Equity’s growth.” With $775 million of committed capital, DB Secondary Opportunities Fund is actively investing in secondary portfolios, secondary direct portfolios and direct private equity co-investments. Earlier this year, RREEF Private Equity also announced the completion of an acquisition of a significant minority interest in the business of Aldus Equity, an alternative asset management and advisory boutique specializing in customized private equity investing. Graev holds a BA from Colgate University. RREEF Private Equity RREEF Private Equity invests in private equity funds, is a minority co-investor in direct investments and is an active provider of liquidity solutions to existing private equity investors. Its product offerings include the DB Secondary Opportunities Fund which pursues investment opportunities globally in the secondary market for private equity and minority co-investments. In addition RREEF Private Equity has a strategic partnership with Aldus Equity, a boutique alternative investment management and advisory firm specializing in private equity. RREEF Private Equity is part of RREEF Alternative Investments, the global alternative investment management business of Deutsche Bank’s Asset Management division. RREEF Alternative Investments consists of four businesses: Real Estate, Infrastructure, Private Equity and Hedge Funds. Headquartered in New York, RREEF Alternative Investments employs more than 1,400 investment professionals in 15 cities around the world to help investors meet a wide range of objectives – from diversification, to preservation of capital, to long-term performance. Named the world’s largest alternative investments manager in Global Investor/Watson Wyatt’s Alternative Survey, June 2007, RREEF has €65.9/$89 billion in assets under management worldwide as of 30 June 2007. About Deutsche Bank Deutsche Bank is a leading global investment bank with a strong and profitable private clients franchise. A leader in Germany and Europe, the bank is continuously growing in North America, Asia and key emerging markets. With 75,140 employees in 75 countries, Deutsche Bank competes to be the leading global provider of financial solutions for demanding clients creating exceptional value for its shareholders and people. Deutsche Bank Securities Inc., member NYSE, NASD and SIPC, is the investment banking and securities arm of Deutsche Bank AG in the United States. About Deutsche Asset Management With approximately $761.1 billion in assets under management globally (as of 30 June 2007), Deutsche Bank’s Asset Management division is one of the world's leading investment management organizations, not just in size, but in quality and breadth of investment products, performance and client service. The Asset Management division provides a broad range of investment management products across the risk/return spectrum.