Paris-headquartered BNP Paribas Asset Management has agreed to buy a majority stake in Amsterdam-based specialist lender Dynamic Credit Group in a move to build its exposure to the alternative investments space.
The Dutch asset manager, which has €9bn in assets under management, will be able to access a larger distribution network as a result of the deal, BNP Paribas said in a statement today (15 September).
"Given their attractive risk-return profile and low capital charge under Solvency II, Dutch mortgages are a very attractive investment for institutional investors in the ongoing low interest rate environment. Investments in Dutch mortgages are expected to continue to grow steadily," said BNP Paribas.
Dutch mortgages are a very attractive investment for institutional investors in the ongoing low interest rate environment."
The price of the acquisition was not disclosed.
