Investors backed a Dutch residential mortgage fund, managed by NN Investment Partners, to raise more than €2 billion in 30 months.
Since its launch in November 2015, NN Dutch Residential Mortgage Fund has received commitments from Dutch institutional clients and overseas investors, helping it break through the €2 billion mark at the end of May 2018, the manager said.
Bart Bakx, Head of ABS and Mortgages at NN Investment Partners, said: “We are currently exploring several options to further improve the fund’s carbon footprint to help investors reduce the carbon footprint contribution while investing. in mortgage loans without giving up the return. .”
The fund’s portfolio has a carbon footprint 5.3% lower than the Dutch average, due to its policy of investing in new mortgages, which contains a high proportion of newly built properties, as they are more energy efficient , said the manager.
Han Rijken, head of specialist fixed income at NN Investment Partners, said: “We are grateful for the confidence investors have placed in our Dutch mortgage proposition. Our Dutch residential mortgage fund is a good example of the added value of alternative credit solutions for our clients.
“We have many other successful alternative credit strategies where we see inflows from outside investors, so we continue to develop more alternative credit opportunities tailored to investor needs.