Deutsche Beteiligungs, Germany's oldest private equity firm, has announced plans to raise a new €375m ($442m) fund and hopes to raise up to 60% of the capital from investors abroad.

This would represent a sharp increase from the 25% share of foreign investors in the last fund raised in 2003 by the firm known in the industry as DBAG. It expects to close the new fund by the end of spring of next year.