MV Credit, an affiliate of Natixis IM, is to open an office in Paris and integrate the former* private debt team of Ostrum Asset Management as part of a strategic and geographical expansion.
The new entity will be led by Arnaud Heck, who is appointed Head of MV Credit France, and will count around 16 staff upon transfer of the team. MV Credit France will manage and develop the collateralised loan obligation (CLO) and corporate debt product offer formerly managed within Ostrum AM, as part of a strategic expansion for the firm. This new development follows several years of growth for MV Credit which has continued to develop innovative solutions for its clients such as the MV Dual Fund, launched in 2021 to provide private market exposure combined with enhanced liquidity.
This transfer demonstrates the synergies within the Natixis IM affiliate network and the value and efficiency it provides. It is in line with Natixis IM’s ambition to support each affiliate in expanding its specific field of excellence and provide clients with access to a clear and diversified product and service range. It also supports Natixis IM’s strategy to grow its private asset business around scalable platforms such as MV Credit.The transition further demonstrates Natixis IM’s support for this asset class and MV Credit’s plan to develop its CLO business.
The transfer is expected to be completedby the end ofthe first quarter of2022, increasing MV Credit’s assets under management (AUM) to nearly €5billion.**
“This strategic expansion of MV Credit’s investment capabilities comes after an exciting period of growth for our firm and is a natural progression in the services we are able to offer to our clients. By consolidating Natixis IM’s European private debt offer within one business, clients will be provided with the most efficient access to industry-leading specialist expertise and research capabilities.I very much look forward to welcoming our new colleagues to MV Credit and further building our footprint.Frederic Nadal, Chief Executive Officer, MVCredit
“This is an excellent opportunity for the team to join forces with MV Credit, a well-known and well-regarded player with over 20 years of expertise in this space. The consolidation of the team within MV Credit is a natural fit and we look forward to expanding our client base in a market showing attractive opportunities”Arnaud Heck, Managing Director, Head of MV Credit France