Sector hires and company developments

Euro credit team bulks up

CIFC has hired Anders Samuelsen from Muzinich as it continues to build its European team.  Samuelsen, who began his career as a credit portfolio manager at Saxo Privatbank in Denmark, will be based in London, and joins as vp, focusing on northern Europe. CIFC has also announced the hire of Aidan Reynolds, from Murano Connect, where he oversaw the investor research desk. Both will be working with European md, Josh Hughes in the investor services team.

Mortgage partnership announced

NN Investment Partners has entered into a partnership with Venn Partners whereby NN IP has acquired a majority stake in 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 EUR 1 billion of mortgages originated by Venn Hypotheken. Next to whole loan investments, Venn Hypotheken will continue to provide mortgages for Venn’s Cartesian securitisation programme.