German asset manager DWS is set to expand its involvement in India’s asset management market after acquiring a 40% equity stake in Nippon Life India AIF Management.
The acquisition comes on the back of a memorandum of understanding signed between the two firms in November 2025.
The collaboration is centred on the expansion of DWS’s alternatives business in India.
A statement referred to the development of a scalable alternatives platform “to enable both Indian and international investors to participate in the long-term growth opportunities of the Indian alternatives market”.
In addition to DWS formalising its role as a minority shareholder, the two firms will also work on launching a series of passive investment products as well the distribution of actively managed India strategies through DWS’s international distribution network.
