AEW and Natixis Asset Management complete a second close for the Senior European Loan Fund II increasing commitments to over €400 million
Following the €162 million first close in 2016, Senior European Loan Fund II1 (“SELF II” or the “FUND”), dedicated to institutional investors2, completed a second closing with French and international investors, bringing its investment capacity to over €400 million. A third closing is expected to occur during the first half of 2017 with a target to reach total commitments of €750 million.
The growth of their joint activity has led AEW and Natixis Asset Management to reinforce their dedicated real estate debt fund team, co-managed by Arnaud Heck at Natixis Asset Management and Cyril Hoyaux at AEW.
To date SELF II has secured three investments in France, Germany and Italy totaling €75 million, while four additional transactions amounting to €100 million are underway, which would bring total investments to 44% of the funds raised.
Arnaud Heck, Head of Real Estate Finance at Natixis Asset Management commented: “The strengthening of our team, within the framework of the partnership set up since 2012, aims at accelerating our investment capacity. We look forward to further developing our joint debt platform in response to growing investors’ appetite for real estate debt.”
Cyril Hoyaux Head of the European Debt Platform at AEW Europe added: “We are pleased with the progress made since the launch of SELF II in 2016. This new closing illustrates the attractiveness of our pan-European investment strategy, which allows us to actively select opportunities in the most dynamic real estate markets, enabling us to offer our clients the best risk adjusted returns. This second closing will bring the total funds raised by our common debt platform to close to
This press release does not represent an invitation to subscribe to Senior European Loan Fund II titles. It aims to give general information about the evolution of the activities of the companies specified in this press release.
1 : Senior European Loan Fund II is a sub-fund of the Senior European Loan Fund SCA-SIF, a specialized investment fund under Luxembourg law, managed by AEW Luxembourg. Natixis Asset Management and AEW Europe acts as a consultant with AEW Luxembourg.
2 : The subscription and acquisition of interests in the Senior European Loan Fund are restricted to certain types of institutional investors who meet the definition of Well Informed Investors as set out in the Luxembourg Law of 13 February 2007 relating to specialized investment funds.
Natixis Asset Management
Fanny Galène Biard
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AEW is one of the world’s largest real estate asset managers, with c. €50bn of assets under management as at 30 September 2016. AEW has over 600 employees, with its main offices located in Boston, London, Paris and Hong Kong and offers a wide range of real estate investment products including comingled funds, separate accounts and securities mandates across the full spectrum of investment strategies. AEW represents the real estate asset management platform of Natixis Global Asset Management, one of the largest asset managers in the world.
As at 30 September 2016, AEW managed €19.3bn of real estate assets in Europe on behalf of a number of funds and separate accounts. AEW has over 300 employees based in 10 locations across Europe and has a long track record of successfully implementing core, value-add and opportunistic investment strategies on behalf of its clients.
About Natixis Asset Management
Natixis Asset Management ranks among the leading European asset managers1 with more than €355 billion in assets under management and 744 employees2.
Natixis Asset Management offers its clients (institutional investors, companies, private banks, retail banks and other distribution networks) tailored, innovative and efficient solutions organised into five investment divisions: Fixed income, European equities, Investment and client solutions, Volatility and structured developed by Seeyond, Emerging equities developed by Emerise.
Natixis Asset Management owns also three subsidiaries asset managers: Mirova, Dorval Asset Management and H20 Asset Management.
Natixis Asset Management’s offer is distributed through the global distribution platform of Natixis Global Asset Management and Groupe BPCE’s two retail networks, Banque Populaire and Caisse d’Epargne.
> Further information: www.nam.natixis.comhttp://www.nam.natixis.com
(1) Source: Natixis Asset Management – 30/09/2016.
(2) Source: IPE Top 400 Asset Managers 2016 ranked Natixis Asset Management as the
49th largest asset manager based on global assets under management, and by the country of the main headquarters and/or main European domicile, as of 31 December 2015.
Seeyond is a brand of Natixis Asset Management.
Emerise is a brand of Natixis Asset Management and Natixis Asset Management Asia Limited.
Mirova is a wholly-owned subsidiary of Natixis Asset Management.
Dorval Asset Management is a 50,1 % subsidiary of Natixis Asset Management.
H20 Asset Management is a 50,01 % subsidiary of Natixis Asset Management.
About Natixis Global Asset Management
Natixis Global Asset Management is a wholly-owned subsidiary of Natixis. The company brings together investment management and distribution companies based in Europe, in the United-States and in Asia. It totals more than 798.1 billion euros of assets under management and employs 3600 associates on 31 December, 2016*.
*Source: Natixis Global Asset Management