Natixis Investment Managers has expanded its private debt capabilities with the acquisition of a European credit specialist focused on upper mid-cap private debt.
The asset manager said it acquired MV Credit to help develop its European real assets range, providing investors with access to a wide range of strategies in private equity, private debt, real estate, and infrastructure.
No financial details were disclosed.
MV Credit is a UK-based, European credit specialist founded in 2000. Over the years, MV Credit funds have invested more than 鈧�5bn in close to 500 debt financing solutions and have delivered a consistent top quartile track record, Natixis said.
Jean Raby, the CEO of Natixis Investment Managers, said: 鈥淭he combination of MV Credit鈥檚 proven track record, experienced management team, and strong expertise in subordinated and senior debts will make a substantial contribution to our European real assets range.
鈥淢V Credit鈥檚 entrepreneurial mindset and highly-active investment approach will fit perfectly within our multi-affiliate model and provide our investors access to a unique new range of private debt strategies.鈥�
Natixis said there will be no changes to MV Credit鈥檚 operations, branding, staffing or investment strategies, and the existing management team will continue to lead the firm as a partnership.
Frederic Nadal, the CEO of MV Credit, said: 鈥淭he multi-affiliate model offers tremendous growth opportunities, allowing us to access a truly global distribution network and the support of a large financial services group while retaining our full autonomy and our singular focus on maximising returns for our investors.鈥�
