a.s.r. invests in its private debt strategy with acquisition of private loans portfolio of €250 million
a.s.r. asset management has reached an agreement to acquire a private loans portfolio from NIBC of €250 million. The portfolio consists of private loans to companies in Northwestern Europe. With this transaction, a.s.r. strengthens its position in private debt, in line with the long-term strategy to increase investments in this asset class. The outstanding agreements and conditions remain unchanged.
The acquisition is part of a combined offer by a.s.r. and the Oldenburgische Landesbank (OLB) on the NIBC private loans portfolio. The OLB has acquired the German portfolio. The portfolio that a.s.r. acquires, consists of 19 clients and concerns financing to mainly medium-sized companies in the Netherlands. The loans that are part of this transaction are a solid addition to the portfolio, with an average rating in line with the existing portfolio.
Including this transaction, the total private debt portfolio managed by a.s.r. asset management increases to approximately €1.9 billion. Within private debt, the focus is on the financing of corporates, digital infrastructure projects and renewable energy projects.
Jack Julicher, CEO a.s.r. asset management: 'We are pleased to announce another great step in the development of our Private Debt Fund I . In doing so, we are responding to the trend of more direct financing through specialized asset managers. This acquisition of this portfolio fits in well with our private debt strategy. We make a societal contribution to the development and broadening of the financing base for medium-sized companies in the Netherlands and neighboring countries. The transaction offers our institutional clients the opportunity to invest as an external party, alongside a.s.r., in our diversified and invested Private Debt Fund I.'
The transaction stems from the strategic partnership between NIBC and a.s.r., which will be maintained in the field of Digital Infra.
The portfolio transition will take place gradually over the coming months.
For more information on the ASR Private Debt Fund I: asrvermogensbeheer.nl/fondsinformatie
-
2 Oct 2023Employers’ merger of a.s.r. and Aegon Nederland completedOn 1 October 2023, the legal merger of ASR Nederland N.V. (a.s.r.) and Aegon Nederland N.V. (Aegon Nederland) was completed. This means that as a business and an employer, Aegon Nederland has been merged with a.s.r. The legal merger, also known as the employers’ merger, creates one of the largest insurers in the Netherlands, with some 9,600 employees.
-
2 Oct 2023Achmea Bank acquires mortgages from a.s.r. up to an amount of 1 billion annuallyAchmea Bank and a.s.r. reached an agreement to continue their cooperation in the mortgage field for three years. Each month during this period, Achmea Bank will acquire newly originated mortgages with a short-term fixed-interest period from a.s.r., up to an amount of €1 billion annually. In the new agreement, Aegon Asset Management will be acting as the relationship manager for Achmea Bank.
-
28 Sep 2023a.s.r. goes to Supreme Court on ruling in collective proceeding on three Aegon Nederland productsa.s.r. is appealing to the Dutch Supreme Court following the ruling of the Court of Appeal of The Hague, in a case concerning Vermogensplan, Koersplan and Fundplan, three investment insurance products offered by Aegon Nederland.