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|NN IP hires Gabriella Kindert as Boutique Manager Alternative Credit|
|Tuesday, 11 October 2016|
NN Investment Partners (NN IP) is pleased to announce that Gabriella Kindert has joined NN IP’s Alternative Credit Boutique. This appointment marks another step towards further strengthening the capabilities of the existing team following the internal promotion of Bart Bakx and Lennart van Mierlo to respectively Head of Residential Real Estate and Head of Commercial Real Estate lending.
Gabriella will be responsible for all illiquid fixed income strategies including residential real estate, corporate private debt, project finance and commercial real estate loans. This includes expanding the existing activities towards a broader range of clients through offering new products and entering into new lending activities of value to NN IP clients. The Alternative Credit Boutique currently has € 14 billion of assets under management.
Han Rijken, Head of Global Credit at NN IP: “The appointment of Gabriella highlights NN IP’s long term conviction that Alternative Credit is a key part of a portfolio’s strategic asset mix. It is also a space where our Private Debt offering in illiquid alternative fixed income comes into its own. The continued growth in the private lending space marks the ongoing change in the financial landscape where institutional investors partially will take over the risk-taking from banks. For asset managers, in order to service institutional investors, it is essential to build up the necessary expertise. Skilled and experienced teams consisting on both lending and asset management experts are necessary to demonstrate the track record and to identify the right private debt opportunities."
NN IP sees continued growth in both Private Debt and Mortgage Loans, offering interesting investment opportunities to insurance companies, pension funds and other institutional investors. Given NN IP's long history in this asset class and well-developed platform to manage these assets, the asset manager has been able to grow both its assets as well as its capabilities in this space significantly as it believes this growth is set to continue.
Gabriella has over 20 years of international experience in both banking and asset management. She held various managerial positions with financial institutions including former private wealth manager MeesPierson and BNP Paribas IP, the latter as Global Head of Loans. Since 2011, Gabriella has taken on various investment initiatives in the field of Private Debt, Real Estate and Private Equity as well as advisory projects for larger financial Dutch institutions. Gabriella obtained a Master’s Degree in History and Economics, an MBA in Accounting and Finance and is a Ph.D. candidate.
Rijken, concludes: “Ongoing investment opportunities across Alternative Credit present unique opportunities for investors given the current low yielding environment for traditional fixed income. These assets can be a valuable addition to both matching and return portfolio’s and present a wide range of features that can be customised to the client’s needs, such as different tenors, fixed and floating coupons, bullets or amortising loans and the ability to discuss tailor-made documentation.”
“The development of our Alternative Credit capabilities will strengthen our ability to add value for our clients. Due to the nature of alternative credit, it is important to make the asset class easily accessible. We are extending our current offering by expanding our capabilities in Private Debt for institutional investors soon to make the added value broadly available.”
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