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Real asset private debt : Natixis Asset Management launches a new area of expertise

06.09.2016

In order to meet the challenge posed by persistently low interest rates and to address investors’ need for diversification, Natixis Asset Management has launched a new area of management expertise, real asset private debt, combining three complementary, high potential sectors.

The real asset private debt market has long been the preserve of banks, but is now opening up to institutional investors. These debt instruments are non-liquid, non-rated and have tangible underlying assets, for instance buildings, road or energy infrastructure, or even aircraft.
The new Basel III regulations incite banks to limit their exposure to this type of asset, which can have very long maturities, ranging from 5 to 30 years depending on the segment. This phenomenon has created a genuine opportunity for institutional investors seeking diversification and long-term yields in the current low yield environment.
This comprehensive range of debt products based on a diversifying asset class with a defensive profile and managed by team of specialists with more than 15 years’ experience, is part of an ambitious growth strategy: by the end of 2016, Natixis Asset Management’s objective is to launch a comprehensive range of debt products: a second real estate debt fund of €750 million, developped with AEW Europe, Senior European Loan
Fund II1, the first closing of which occurred in March 2016, an infrastructure debt fund denominated in dollars and euros, an aircraft debt fund and a junior debt fund invested in aircraft and/or real estate assets.
“Natixis Asset Management is very ambitious for the new real asset private debt activity: by 2018, we aim to have close to three billion euros in assets under management and a dedicated team of fifteen specialists.” Ibrahima Kobar, Co-CIO in charge of fixed income products at Natixis Asset Management.

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1 Senior European Loan Fund I, a €323 million real estate debt fund, was launched in 2012 and fully invested in July 2015. 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 AEWLuxembourg. 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.

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