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Aegon AM launches Capital Call Finance Fund

Aegon Asset Management today announces the launch of the Aegon Capital Call Finance Fund (the Fund), available to institutional investors in Europe and the UK.

 

Operating as a Luxembourg domiciled Reserved Alternative Investment Fund (RAIF), the Fund aims to provide access to the growing market for Capital Call Finance globally. It offers investors access to superior risk-adjusted returns with an investment grade risk profile and short maturity. The Fund is evergreen in nature with liquidity options matching the short duration of the underlying loan portfolio.

 

Launching with multiple third-party clients, the Fund builds on Aegon AM’s substantial alternative fixed income capabilities, comprising a team of 60 investment professionals managing €84bln1.

 

The Fund will be managed by a six-strong Fund Finance investment team based in Europe, supported by Aegon AM’s global Private Equity investment, Leveraged Finance and Research teams.

 

Since 2018, the Aegon AM’s Fund Finance team has invested more than €4bln across 100+ transactions in fund finance2. The strategy has performed strongly against its objectives, with no credit risk migration and no credit losses to date3. 

 

Bas Kragten, Head of Fund Finance and Infrastructure Debt at Aegon AM, said: “Capital Call facilities continue to be an important financing tool for private market funds. These credit facilities enable fund managers to bridge capital needs before calling down fund commitments from Limited Partners (LPs). 

 

“Backed by our strong track record and first mover advantage, the launch of the Aegon Capital Call Finance Fund draws on this opportunity by offering investors access to a new asset class alongside market-leading co-investors.”

 

Erik den Hertog, Head of Client Group Continental Europe at Aegon AM, added: “As one of Europe’s largest Alternative Fixed Income asset managers, we have seen our AuM grow to over €80 billion in the last decade. We are delighted to announce the launch of our Capital Call Finance Fund with three initial clients, demonstrating our strategic priority to expand our Alternative Fixed Income platform as we leverage our scale and long-standing expertise to create innovative solutions for our growing client base.”

 

More information on the Fund can be found here: https://www.aegonam.com/capital-call-finance

 

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About Aegon Asset Management


Aegon Asset Management’s investment capabilities span public and private markets across fixed income, real assets, equities, and multi-asset platforms. Our 365 investment professionals serve a global client-base of sophisticated investors, managing and advising on assets of USD 343 billion (€332 / £274 bn), (as of December 31, 2024). Across platforms, we share a common belief in fundamental, research-driven active management, underpinned by effective risk management and a commitment to responsible investment. Our 1,130 employees work across Europe, the Americas and Asia. To learn more, visit aegonam.com.

 

Media contacts:

 

Continental Europe

Frank van den Berk

Head of Marketing and PR Continental Europe, Aegon Asset Management

+31 6 3090 6132 frank.vandenberk@aegonam.com

 

1Source: Aegon Asset Management as at 31 March 2025.
2Source: Aegon Asset Management as at 30 June 2024.
3Source: Aegon Asset Management as at 30 June 2024.

 

This document is for use by professional journalists. Its content is written for use in trade publications. 

 

Past performance does not predict future returns. Outcomes, including the payment of income, are not guaranteed.

 

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The principal risk of this product is the loss of capital. Please note that other risks will be present. The materiality of these risks will be accounted for in the mandate which will be governed by an investment management agreement

 

All data is sourced to Aegon Asset Management unless otherwise stated. The document is accurate at the time of writing but is subject to change without notice. Data attributed to a third party (“3rd Party Data”) is proprietary to that third party and/or other suppliers (the “Data Owner”) and is used by Aegon Asset Management under licence.  3rd Party Data: (i) may not be copied or distributed; and (ii) is not warranted to be accurate, complete or timely.  None of the Data Owner, Aegon Asset Management or any other person connected to, or from whom Aegon Asset Management sources, 3rd Party Data is liable for any losses or liabilities arising from use of 3rd Party Data.

 

This document is issued by Aegon Asset Management UK plc in the United Kingdom and is issued by Aegon Investment Management B.V. in the European Union and European Economic Area. Aegon Asset Management NL is a trading name of Aegon Investment Management B.V.

 

Aegon Asset Management UK plc is authorised and regulated by the Financial Conduct Authority. Aegon Investment Management B.V. is authorised and regulated by the Netherlands Authority for the Financial Markets. Aegon Asset Management Luxembourg RAIF Funds is a reserved alternative investment fund (Fonds d'Investissement Alternatif Réservé) in the form of a public limited liability company with variable capital established and existing under the Luxembourg law. It is structured as an umbrella fund, including a number of ring-fenced sub-funds and as of today two of the sub-funds have been notified to the CSSF: Aegon IG Insured Credit Fund (notified on 29 September 2022) and Aegon Capital Call Finance Fund (notified on 7 February 2025). Carne Global Fund Managers (Luxembourg) S.A. has been appointed as the alternative investment fund manager of the RAIF (AIFM) and its sub-funds and Aegon Investment Management B.V. has been further delegated by the AIFM to act as the investment manager of the RAIF and its sub-funds. The RAIF and its sub-funds are not directly subject to the regulatory supervision of the CSSF. As per common Luxembourg practice, regulatory oversight is performed via supervision on the licensed Alternative Investment Fund Manager (AIFM) of the Fund, who is required to disclose to the CSSF the Alternative Investment Funds (AIFs, including RAIFs) as well as their sub-funds, that it manages and deposit the relevant fund documents with the CSSF. The authorised, licensed and supervised AIFM also must ensure that the RAIF managed by it complies with all AIFMD requirements applicable, including amongst others, the appointment of a depositary and an independent auditor. In this sense, a RAIF is an indirectly regulated fund in Luxembourg.