AEW and Natixis Asset Management complete third closing for Senior European Loan Fund II (SELF2)
AEW and Natixis Asset Management - two affiliates of Natixis Global Asset Management - have completed a third closing for the pan-European debt fund, Senior European Loan Fund II (SELF II1), which was launched during the Spring 2016, increasing the Fund’s capacity to more than €500 million2. The new equity has been committed by institutional investors from France, Germany and Italy. The total amount raised by the debt platform, since its inception in 2012, now exceeds €1 billion.
Over the last three months, SELF II has completed three new investments in loans financing the acquisition of a retail portfolio in France, Germany and Poland, of data centers in France and Italy and of the CB16 office tower in Paris La Défense. To date, around 50 percent of the fund’s capital has been allocated to France and Germany, and the rest across Italy, the Benelux and Poland; with Spain a potential market for future lending".
To support the growth of the platform, the Real Estate debt team has recruited two additional members. Chaoki Ben Halima has joined Natixis AM from Generali. In addition, Sylvain Deschamps has joined the debt team, as part of an internal move from AEW where he was in charge of real estate financing operations on behalf of third parties. He previously spent over two years in the real estate financing team at Société Générale. Chaoki and Sylvain, who will report to Cyril Hoyaux and Arnaud Heck and whose combined experience will serve to further strengthen the team’s expertise, will be responsible for loan origination and the assessment of investment opportunities.
Cyril Hoyaux, co-head of the real estate debt platform, said: "This new fund raising reflects the strong appetite among French and international investors for our asset class and the opportunity that our SELF platform provides to successfully access real estate debt markets across Europe. We are continuing to deploy our strategy, with the help of our expanded team, and are confident in delivering above-target returns."
Arnaud Heck, co-head of the real estate debt platform, added: "Our real estate debt platform continues to grow at a sustained pace, without compromising on asset quality or process of deals selections and follow up. Our three latest investments are in line with this approach, with co-arranged transactions or structured as small club deals."
For further reading:
AEW and Natixis Asset Management complete a second close for the Senior European Loan Fund II increasing commitments to over €400 million
Real estate debt is gathering momentum among bond investors.
Natixis Asset Management launches a new area of expertise, real asset private debt, in three complementary, high potential sectors: real estate, infrastructure and aircraft
Note to the reader
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.
SELF 2 has been notified to the regulator in Belgium, France, Germany, Luxembourg, Netherlands, Sweden and UK.
The Fund is subject to specific risks, including: Borrower credit risk, Tenant credit quality, Real estate asset value (as collateral) value, Liquidity, Diversification. An investor’s capital will be at risk; you may get back less than you invested. For a complete discussion of risks (and benefits) of investing in the Fund, please refer to the section 3.7 “Risk Factors and Investment Considerations” of the Fund Offering Memorandum.
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 AEW Europe Sarl. Natixis Asset Management and AEW Europe acts as a consultant with AEW Europe Sarl. SELF 2 is an Alternative Investment Fund (AIF) that is neither notified in all countries nor available to all investor types.
The subscription and acquisition of interests in the Senior European Loan Fund II 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.
2Source: AEW as of 30/09/2017.
AEW Europe Sarl
Management company of AIF authorized by the CSSF since 9 January 2015
5 Allée Scheffer L. 2520 Luxembourg
Natixis Asset Management
A subsidiary of Natixis Global Asset Management
Limited liability company
Share capital €50,434,604.76
Regulated by the Autorité des Marchés Financiers (AMF) under no. GP 90-009
RCS Paris n°329 450 738
21 quai d’Austerlitz 75634 Paris Cedex 13
Le présent document est fourni par NGAM S.A ou sa succursale NGAM Distribution.
Natixis Global Asset Management S.A.
RCS Paris 453 952 681
Share Capital: €178 251 690
21 quai d’Austerlitz, 75013 Paris
NGAM Distribution, branch of NGAM S.A
RCS Paris - 509 471 173
21 quai d’Austerlitz, 75013 Paris
Luxembourg management company that is authorized by the Commission de Surveillance du Secteur Financier and is incorporated under Luxembourg laws and registered under n. B 115843
2, rue Jean Monnet, L-2180 Luxembourg,
Grand Duchy of Luxembourg.