AMSTERDAM, 6 September 2017
Dynamic Credit, the Amsterdam-based alternative fixed income asset manager and Aegon have reached an agreement on a strategic partnership. Under the agreement, Aegon will become a 25% shareholder of Dynamic Credit. The investment will be used to accelerate the expansion into new lending products, such as buy-to-let and SME loans. Furthermore, Dynamic Credit’s innovative LoanClear platform will be further upgraded and extended into an investment hub for loans from marketplace lenders. The closing of the transaction is subject to customary regulatory approval.
With over €8 billion of assets under management, Dynamic Credit aims to serve society by matching savings with good credit investments that support real economic activity. This complements Aegon’s mission of helping people achieve a lifetime of financial security.
For almost 15 years Dynamic Credit’s technology has connected institutional investors to borrowers faster, simpler and at lower cost. The company is a fast growing, fully licensed, asset manager in alternative fixed income, with its own proprietary direct lending activities and by managing loans of others. Since its formation in 2003 in New York, Dynamic Credit has earned the commitment and trust of a broad range of institutional investors and banks, who invest in our products. Our next step is to accelerate our expansion into new lending products, such as buy-to-let and SME loans, as well as extend our LoanClear platform into a global investment hub for loans from marketplace lenders.
With Aegon as a new shareholder in the company, Dynamic Credit secures the backing of a global strategic partner with a solid international reputation and network as well as a strong track record in ventures and innovation.
According to Tonko Gast, founder and CEO of Dynamic Credit, the partnership with Aegon reflects the extraordinary position and reputation that Dynamic Credit has established: “As a company we have been able to build a leading position in creating and managing loan portfolios. Our technical capabilities and innovative LoanClear platform, knowledge about the market and an unmatched team of experts, give us a unique position in the sector. This creates a strong basis for further expansion into new markets and market segments. We are excited to welcome Aegon as a shareholder to support us in our growth.”
Maarten Edixhoven, CEO of Aegon Netherlands added: “Aegon has a strategy to team up with dynamic and strong change agents in the financial sector. We see Dynamic Credit as a frontrunner in data driven innovative solutions in the loan markets, and are very pleased to support the further expansion of this unique firm."
For further information, please contact:
T: + 31 6 50459845
About Dynamic Credit
Dynamic Credit is an alternative fixed income asset management firm. Founded in 2003, Dynamic Credit has offices in Amsterdam, New York and Jakarta. Dynamic Credit manages (securities of) loans of others and its own proprietary direct lending.
The team of experts at Dynamic Credit have extensive experience valuing, sourcing, creating and managing alternative fixed income products. In 2015, Dynamic Credit set up the first online mortgage distribution platform of the Netherlands (bijBouwe). In June 2016, Dynamic Credit launched the LoanClear loan portfolio surveillance platform and marketplace. In August 2017, Dynamic Credit launched the Dynamic Credit Funds ICAV, an Irish AIFM regulated fund umbrella.
Dynamic Credit is fully licensed and is regulated by Dutch, Irish and Indonesian financial market authorities.
For more information: www.dynamiccredit.com
Aegon’s roots go back more than 170 years – to the first half of the nineteenth century. Since then, Aegon has grown into an international company, with businesses in more than 20 countries in the Americas, Europe and Asia. Today, Aegon is one of the world’s leading financial services organizations, providing life insurance, pensions and asset management. Aegon’s purpose is to help people achieve a lifetime of financial security.
More information on www.aegon.com/about