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SCOR Investment Partners, the SCOR Group’s asset management company, announces that it raised €1 billion of assets in 2017 from external institutional investors. As of December 2017, funds marketed to institutional investors amounted to €4.9 billion of assets under management, of which 69% are entrusted by investors other than the SCOR Group (including undrawn commitments).
This new record in commitments underscores the growing success of SCOR Investment Partners among European and international institutional investors. The portfolio management company, which offers diversification strategies, focuses on asset classes in which it has a strong expertise, notably Insurance-linked Securities (ILS) and private debt. The funds raised in 2017 are largely geared towards these two classes.
In 2018, SCOR Investment Partners continues to capitalize on its strengths and reaffirms its position as a responsible investor in the financial industry by pursuing « impact » investment strategies. The company is currently marketing a leveraged loan fund, SCOR Mid Market Loans, which focuses on medium-sized European companies, and a third infrastructure debt fund, SCOR Infrastructure Loans III, which aims to finance the transition towards clean energy and has received the TEEC Label (The French Label for the Energy and Ecological Transition) on January 17, 2018.
François de Varenne, Chief Executive Officer of SCOR Investment Partners, comments: “Our growing commercial success underscores our position as a diversification strategy provider. Furthermore, it illustrates our capacity to adapt to changing market conditions and client demands, such as responsible investments, the financing of the economy and the energy transition. We are constantly striving to enrich our product and service offering and we are confident that 2018 will be a strong year.”
For further information, please contact Nadège Picharles, Head of Marketing, +33 1 53 64 65 23, npicharles@scor.com
About SCOR Investment Partners
SCOR Investment Partners is the SCOR group’s portfolio management company, managing or supervising a portfolio of EUR 18.6 billion for SCOR as of the end of December 2017. Created in 2008 and authorised since May 2009 by the French financial market regulatory body, the Autorité des marchés financiers (“AMF”), under n°GP09000006, SCOR Investment Partners has approximately 70 employees and is structured around six management desks: Aggregate, High Yield & Leveraged Finance, Infrastructure Debts, Equities & Convertible Bonds, Real Estate and Insurance-linked Securities. Since 2012, SCOR Investment Partners has given external institutional investors access to some of the diversification strategies developed for the SCOR group. The range of funds marketed to institutional investors totalled EUR 4.9 billion in assets under management as of December 31, 2017, of which 69% were entrusted by external investors (undrawn commitments included).
Visit the SCOR Investment Partners website at www.scor-ip.com.