Natixis buys UK credit specialist
Natixis Investment Management has announced the acquisition of a UK-based credit specialist with a focus on upper mid-cap private debt, MV Credit, in a move to expand its private debt capabilities.
Under the terms of the deal, MV Credit would join Natixis as a fully autonomous affiliate which means that no changes would be made to MV Credit’s operations, branding, staffing or investment strategies and the existing management team.
At the same time, MV Credit would gain access to Natixis’ global distribution capabilities.
The acquisition would also be expected to broaden Natixis’ European real assets range, providing investors with access to a range of strategies in private equity, private debt, real estate and infrastructure.
MV Credit, which was established in 2000, has seen its funds investing more than €5 billion in close to 500 debt financing solutions. Its investment philosophy is built on two core principles: rigorous credit analysis and active portfolio management, the firm said.
According to Natixis’ chief executive, Jean Raby, MV Credit would fit within the firm’s multi-affiliate model and would extend investors’ selection by offering them access to a “unique new range of private debt strategies”.
“The combination of MV Credit’s proven track record, experienced management team, and strong expertise in subordinated and senior debt will make a substantial contribution to our European real assets range,” he said.
AUTHOR
Oksana Patron
Recommended for you
Lonsec and SQM Research have highlighted manager selection as a crucial risk for financial advisers when it comes to private market investments, particularly due to the clear performance dispersion.
Macquarie Asset Management has indicated its desire to commit the fast-growing wealth business in Australia by divesting part of its public investment business to Japanese investment bank Nomura.
Australia’s “sophisticated” financial services industry is a magnet for offshore fund managers, according to a global firm.
The latest Morningstar asset manager survey believes ETF providers are likely to retain the market share they have gained from active managers.
