The asset management giant is re-enforcing a burgeoning industry trend with the announcement of a new platform catering for investors in alternative credit.
AXA Investment Managers (AXA IM) is merging its alternative solutions and structured finance teams to create a single major global alternative credit platform with $34.6bn (€31bn) of assets.
The merger will create a single alternative credit platform with a presence in Paris, London and Greenwich Connecticut and a combined team encompassing 100 professionals providing management and advisory services to the more than $34.6bn (€31bn) of assets under management (AUM) covering loans, private debt, collateralised loan obligations, insurance linked securities, asset backed securities, fund of hedge funds and impact investing.
Deborah Shire, head of structured finance, will head up the new platform while Eric Lhomond, previously global head of the alternative solutions team, has decided to leave AXA IM in order to pursue a new opportunity.
John Porter, global head of fixed income & structured finance at AXA IM says the firm will be more agile in growing its alternative credit business.
“AXA IM’s Structured Finance team has been a pioneer in the disintermediation of credit markets since its inception in the late 1990s and today provides a length of track record across credit cycles, volume of assets under management, and a breadth and depth of expertise that few asset managers can rival.”
“Deborah has more than 20 years of experience across alternative asset classes and under her leadership our structured finance offering has experienced strong growth with assets under management rising by 29 per cent since she took over in September 2014 and capital raised to date this year of €3.5bn.
“We are confident that under her direction our alternative credit platform will continue to grow and excel in delivering innovative solutions to meet clients’ needs.”
Deborah Shire, head of structured finance at AXA IM, said the platform will offer better visibility and a wider range of investment opportunities to our existing and future clients.
“In the context of a low rate environment investors are increasingly looking for high yielding and diversifying assets to provide returns but they also want peace of mind i.e. transparency and a trusted partner who aims to deliver consistently throughout credit cycles.”
AltFi is returning to Amsterdam for its second annual Summit in the city. The inaugural event last year was a roaring success, with key figures from across Continental Europe's alternative finance and digital banking sectors highlighted. These included Jeroen Broekema, managing director of Funding Circle Netherlands, and Mieke van Engelen, head of innovative partnerships at ABN AMRO's standalone lending platform, New10.