Aegon Asset Management to run a new Multi-Asset Credit mandate and Private Credit LTAF for Aegon UK
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Published
June 20, 2024
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4 mins
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Aegon Asset Management
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Aegon Asset Management is set to run a new multi-asset credit mandate and a private credit LTAF for Aegon UK as part of the evolution of the £12bn Universal Balanced Collection (UBC) fund.

 

Aegon’s UBC is its largest default workplace fund with over 700,000 members. In evolving the fund, Aegon plans to introduce innovative private market investment and enhanced environmental, social and governance (ESG) integration.

 

Forming part of this transformation, Aegon Asset Management has been awarded two mandates; a Private Credit LTAF which will launch early 2025, subject to regulatory approval from the FCA, and a new Multi-Asset Credit mandate overseen by Aegon AM’s UK Head of Fixed Income, Iain Buckle, and investment manager Alex Pelteshki, from quarter three 2024.

 

The Multi-Asset Credit portfolio provides access to Aegon AM’s award-winning Global High Yield, Asset Backed Securities, Investment Grade and Emerging Market Debt strategies.

 

Jill Johnston, Head of UK Institutional Business at Aegon AM says:

 

“We are very pleased to have been selected to manage the new Multi-Asset Credit mandate and the Private Credit LTAF for Aegon. The mandates utilise the expertise of our highly experienced fixed income teams across the breadth of our strategies.

 


Aegon’s UBC customers will be able to benefit from the return enhancing strategies which have typically been held by our Defined Benefit and Wealth management clients. We have designed the bespoke Multi-Asset Credit fund to not only give access to these strategies but uniquely, we’ll also be investing in opportunistic parts of the credit spectrum to maximise returns and to offer downside protection for Aegon’s customers.”

 

Details on our Private Credit LTAF will be released closer to launch.

 

More information can be found on the Aegon UK website here

 

Aegon Asset Management Alternative Fixed Income credentials:

  • Given the company’s heritage, Alternative Fixed Income has always been a key strategic line of business for Aegon AM.

  • Aegon AM is able to offer strategic alignment with its large (insurance) balance sheets within the Group, resulting in strong alignment of interest.

  • With EUR 80bn AuM managed by a 60-strong global team, Aegon AM is one of the largest asset managers in Europe in this specific investment domain (source: Aegon Asset Management as at 30 September 2023).

  • Aegon AM’s Alternative Fixed Income team focusses on 4 themes:

    • Private Debt strategies with an Impact angle
    • Private loan to companies
    • Asset-Based Lending
    • Residential mortgages

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Aegon Asset Management
We are active global investors. In a complex world we think and act across traditional boundaries. We organize our teams globally by asset class, to bring the breadth and depth of our investment and research capabilities together for clients across the world. 
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