Brookfield Asset Management Ltd has entered into discussions over a potential deal to acquire the private equity secondaries business of Deutsche Bank AG’s asset management arm DWS Group, according to a report by Bloomberg.

Brookfield Asset Management Ltd has entered into discussions over a potential deal to acquire the private equity secondaries business of Deutsche Bank AG’s asset management arm DWS Group, according to a report by Bloomberg.

The report cites an unnamed source as revealing that negotiations are at an advanced stage and a deal could be announced as earlier as this week. 

A sale of the secondaries business is, as reported by Bloomberg back in December, in line with Deutsche Bank's wider plan to withdraw from areas where it lacks scale.