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DWS An­nounces Sign­ing of Agree­ments to In­vest in a 40 Per­cent Stake in NI­AIF, Mark­ing a Ma­jor Mile­stone in its Stra­tegic Part­ner­ship with NAMI

16/03/2026

Following the joint announcement on 13 November 2025 regarding the signature of a non-binding Memorandum of Understanding (MoU) between DWS and Nippon Life India Asset Management Ltd (NAMI), both companies are pleased to announce that a key milestone in the intended strategic collaboration has now been achieved.

DWS has signed agreements to invest in Nippon Life India AIF Management Limited (NIAIF), a subsidiary of NAMI. Upon subscription of the newly issued shares, DWS will acquire a 40 percent equity stake in NIAIF, thereby formalizing its role as a minority shareholder and strategic partner in the build out of India-focused alternatives capabilities.

Both companies, DWS and NAMI, aim for the joint venture to develop into a leading, scalable alternatives platform, enabling both Indian and international investors to participate in the long-term growth opportunities of the Indian alternatives market. NIAIF is still in an early growth phase and has so far built a comprehensive alternatives product portfolio across private credit, listed equities, real estate and venture capital. As part of the joint venture, the product offering is intended to be further expanded and its reach extended to offshore investors.

Closing of the transaction remains subject to the required regulatory approvals as well as other business-related conditions.

In addition to the now agreed shareholding in NIAIF, DWS and NAMI continue to pursue a close strategic collaboration on the development and launch of passive investment solutions, as well as a global agreement for the distribution of actively managed India strategies through DWS’ international distribution network. The partnership will combine NAMI’s long-standing market and investment expertise in India with DWS’ global reach and product capabilities.