NN Investment Partners (NN IP) has entered into a partnership with Venn Partners LLP (Venn). Under this partnership, NN IP has acquired a majority stake in Venn Hypotheken BV (Venn Hypotheken), alongside existing shareholders Venn and Venn Hypotheken management.
With the acquisition, NN IP broadens the possibilities for its institutional clients to invest in Dutch mortgages, besides its NN Dutch Residential Mortgages Fund. NN IP has been investing in Dutch mortgages on behalf of its clients since 2015 and sees significant opportunity to develop whole loan investment strategies in Dutch mortgages. Venn Hypotheken is an established Dutch mortgages origination platform, providing institutional investors dedicated access to Dutch mortgages. The acquisition of a majority stake in Venn Hypotheken enables NN IP to provide a complementary offering to clients who prefer a mandate over a fund.
Venn Hypotheken was established by Venn, a specialist manager in European real estate private debt. To date, Venn's strategies have invested in over €1bn of mortgages originated by Venn Hypotheken. Next to whole loan investments, Venn Hypotheken will continue to provide mortgages for Venn's Cartesian securitisation programme.
The quality, reputation and experience of the management team of Venn Hypotheken in the origination of mortgages, combined with the robust asset management capabilities of NN IP and Venn for their respective strategies, results in a unique offering to investors.
Valentijn van Nieuwenhuijzen, chief investment officer at NN Investment Partners: "Given our strong presence and capability in the mortgage business, we are pleased to expand our client offering through this transaction. The partnership enables us to tap into additional sources of mortgages and emphasises our belief to continuously adapt when it comes to catering to our clients' needs."