14-Aug-24

In Brief

Firm also announced three senior hires to the debt team to bolster DWS’s expansion of its global Alternatives franchise
Accelerates DWS’s growth in private credit in U.S. and Europe

For further information please contact:

Kenny Juarez
+1 (212) 454-9994
kenny.juarez@dws.com

Brendan Moffitt
+1 (212) 454-0013
brendan.moffitt@dws.com

DWS Appoints Jay DeWaltoff as Head of U.S. Real Estate Debt Team

New York, NY – August 14, 2024 – DWS, a leading global asset manager, today announced that Jay DeWaltoff has joined the firm as Head of U.S. Real Estate Debt to accelerate the growth of its existing U.S. real estate credit business and expand its global private credit platform. He will be based in the firm’s New York City office and report directly to Todd Henderson, Co-Global Head of Real Estate and Head of Real Estate for the Americas.

Mr. DeWaltoff brings over two decades of origination and structuring experience to the role. Prior to joining DWS, he was the Head of the Commercial Mortgage Loan Group at J.P. Morgan Asset Management within its Alternatives platform, where he was directly responsible for capital raising, constructing tailored portfolios to meet investor objectives, and approving all new investments. During his 11-year tenure, Mr. DeWaltoff successfully led the team in building a dynamic commercial mortgage lending platform, growing commitments from less than $2 billion to over $13 billion. He has also held previous roles at Citigroup Global Markets and Cushman & Wakefield.

“With $116 billion^[1] in assets across our Alternatives platform and a 50-year track record, DWS has cultivated longstanding strategic relationships with investors seeking access to private real estate, infrastructure, and liquid real assets. We are seeing increased opportunities in the debt market due to the macroeconomic and regulatory environments which should deliver attractive risk-adjusted return potential to investors,” said Mr. Henderson. “We are delighted to welcome Jay to the team as we deepen our commitment to our clients in the Alternatives sector and look to take advantage of improving fundamentals in the real estate sector to generate above-average returns across the risk spectrum in the asset class.”

In addition to the appointment of Mr. DeWaltoff, Daniel Sang, Catherine Millane, and Khrystyna Bazylyak, join DWS. All three join from J.P. Morgan Asset Management. The new joiners will bolster the strength of DWS’s existing team which has a longstanding track record of success in real estate credit.

Mr. DeWaltoff added: “I’m pleased to be joining DWS during such a pivotal time for the real estate market. DWS’ brand in the real estate ecosystem, combined with its equity track record, and deep institutional relationships, provides a strong jumping-off point for me and the team to help drive the business forward.”

DWS has managed corporate credit portfolios for over 25 years, with over EUR 100 billion in dedicated investment grade, hybrid, high yield, and direct lending portfolios. DWS aims to build diversified portfolios that deliver attractive risk-adjusted returns with a focus on capital preservation to investors, which include governments, corporations, insurance companies, endowments, retirement plans, and private clients worldwide.

^1. As of June 30, 2024

Watch the announcement video here:

DWS Appoints Jay DeWaltoff as Head of U.S. Real Estate Debt Team | August 14, 2024

Firm also announced three senior hires to the debt team to bolster DWS’s expansion of its global Alternatives franchise.

Note to Editors: DWS’s Global Alternatives Business

DWS’ global Alternatives business has been investing in the asset class for more than 50 years. As one of the world’s leading fiduciary Alternatives managers with USD 116 billion in assets under management (as of June 30, 2024), we offer a diverse range of strategies across the Alternatives’ spectrum including direct real estate and infrastructure, real estate and infrastructure securities, and commodities. Leveraging our integrated platform comprising more than 450 employees across 16 countries and a network of investment specialists worldwide, the business is committed to its fiduciary obligation to deliver solutions that meet the individual investment needs of governments, corporations, insurance companies, endowments, retirement plans, and private clients worldwide.

About DWS Group

DWS Group (DWS) with EUR 933bn of assets under management (as of June 30, 2024) aspires to be one of the world's leading asset managers. Building on more than 60 years of experience, it has a reputation for excellence in Germany, Europe, the Americas, and Asia. DWS is recognized by clients globally as a trusted source for integrated investment solutions, stability, and innovation across a full spectrum of investment disciplines.

We offer individuals and institutions access to our strong investment capabilities across all major liquid and illiquid asset classes as well as solutions aligned to growth trends. Our diverse expertise in Active, Passive and Alternatives asset management complement each other when creating targeted solutions for our clients. Our expertise and on-the-ground knowledge of our economists, research analysts and investment professionals are brought together in one consistent global CIO View, giving strategic guidance to our investment approach.

DWS wants to innovate and shape the future of investing. We understand that, both as a corporate as well as a trusted advisor to our clients, we have a crucial role in helping navigate the transition to a more sustainable future. With approximately 4,500 employees in offices all over the world, we are local while being one global team. We are committed to acting on behalf of our clients and investing with their best interests at heart so that they can reach their financial goals, no matter what the future holds. With our entrepreneurial, collaborative spirit, we work every day to deliver outstanding investment results, in both good and challenging times, to build the best foundation for our clients’ financial future.