Actual property supervisor AEW Europe has accomplished its acquisition of Natixis Funding Supervisor’s non-public debt enterprise.
Paris and Hong Kong-based Natixis specialises in originating and structuring infrastructure and personal debt actual property investments.
The deal will deliver an additional €1.2bn (£1.03bn) in belongings below administration for AEW, bolstering its infrastructure and actual belongings base.
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Natixis’s 30-strong crew, together with chief funding officer Denis Prouteau, will all transfer throughout to AEW. The brand new platform shall be overseen by Jonathan Stevens, head of personal debt at AEW. Stevens joined the corporate from Blackrock in October of final 12 months.
AEW stated that the acquisition will enable the agency to offer its purchasers with additional alternatives for diversification, whereas supporting the expansion of its non-public debt enterprise.
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“The completion of this acquisition represents a key alternative for our enterprise, complementing our present foothold in actual property debt, which has grown quickly over the previous 11 years, and creating an enlarged non-public debt platform,” stated Rob Wilkinson, European chief govt at AEW.
“Personal debt is a strategic development space for us, with sturdy attraction and a gorgeous danger profile for our purchasers in a altering rate of interest setting.”
AEW’s non-public debt platform has grown considerably over the previous few years. By the tip of 2023 it had greater than €7.4bn of shopper commitments.
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