Aegon’s Insured Credit strategy offers institutional investors a compelling investment opportunity for their portfolios for several reasons, in an evergreen format: 
• Low credit risk: Access to de-risked alternative debt assets with double recourse. The credit risk on the underlying asset is mitigated via the use of non-payment insurance transforming assets into A/AA rated notes with double recourse: 1) debt collateral for principal & interest and 2) non-payment of collateral insured by A/AA rated insurance companies. 
• High yield pick-up : Offers EUR swaps + 200-250bps, Insured Credit provides yield enhancement over core fixed income products. Thus far, the strategy has achieved pick-up of 131bps versus liquid credit. 
• Strong diversification profile: The credit insurance market consists of 60+ insurers providing investors with a broad spectrum of exposure including counterparties not accessible through capital markets. 
• Attractive Capital Treatment for Insurance Companies: Provides opportunities for capital constrained investors and those looking to optimize their use of capital. The use of credit protection enables these assets to be very capital efficient.

Workshop objective:
Our objective is to provide potential institutional investors with an overview of a successful and low credit risk investment solution, designed to offer a pick up compared to traditional fixed income assets with the protection of a customized insurance policy. 

Company Profile: We are active global investors. Our 385 investment professionals manage and advise on assets of USD 337 billion* for a global client-base of pension plans, public funds, insurance companies, banks, wealth managers, family offices and foundations. 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. We call it investing beyond borders.
*As at March 31, 2024
The assets under management/advisement described herein incorporates the entities within Aegon Asset Management brand as well as the following affiliates: Aegon Asset Management Holding B.V., Aegon Asset Management Spain, and joint-venture participations in Aegon Industrial Fund Management Co. LTD and La Banque Postale Asset Management SA. 

Present DECALIA’s Private Market platform, while highlighting two European Private Credit strategies, both with outstanding track records.

Decalia Private Credit Strategies II
•    Focuses on co-investments and the secondary market in the European small-mid market.
•    Sector and geographic diversification, with a target net IRR of 10-15% in EUR, without leverage, and an annual distribution of 4-5%.

Atempo Growth II
•    Focuses on Venture Debt in Europe, a fast-growing asset class.
•    Investment opportunity in the face of a mismatch between available supply (€2 billion) and high demand (€7 billion) for debt.
•    Well-structured loans with 36-48-month terms, low LTV, and strong collateral, targeting a deal-level IRR of 18-20%, including a contractual IRR of 15-17% and free warrants.

Workshop Objectives: Introduce DECALIA to the Spanish investment community and better understand their needs in Private Markets. 

Company Profile: Founded in 2014 & headquartered in Geneva, DECALIA SA is a leading investment management company with 5.2 Bn euros assets under management, focusing on Wealth Management, Asset Management and Private Markets.
Asset Management emphasizes thematic investing in key future trends & Fixed Income, while Private Market develops high performing specialized strategies in less competitive segments. 
DECALIA has expanded rapidly, in particular thanks to its active-management experience built up over the last 30 years by its five Partners; Alfredo Piacentini, Rodolfo de Benedetti, Xavier Guillon, Sebastien Demole and Nicolo Miscioscia.

Its investment philosophy is based on several fundamental principles: stringent risk management, capital preservation, an active management style and selection of the best talent.

At Klarphos, we believe that the recent growth in alternative investments has been driven by investors seeking diversified solutions beyond traditional stocks and bonds. These assets offer higher returns, enhanced diversification, protection against volatility, and access to unique opportunities. Within the range of possibilities in alternative assets, private debt is, in our opinion, an asset class that remains underrepresented in the portfolios of European investors.

To address this gap, we offer a unique solution for investors looking to complement their portfolios with private debt. Our open-ended Private Debt fund-of-fund aims to provide stable cash yield and long-term capital appreciation. The investment objective is expressed via a well-diversified portfolio of European and North American private debt funds. The evergreen structure allows for efficient capital allocation, an optimized commitment policy, and the benefits of constant recycling and compounding returns.

Workshop Objective: Klarphos’ approach to Private Debt and its Evergreen Private Debt Fund of Funds.  

Company Profile: Klarphos is an asset manager specializing in alternative investments (private debt, private equity, real estate, hedge funds, VC/growth, infrastructure). We provide customized portfolio solutions, commingled funds, and analyses for strategic asset allocation and ALM optimization for institutional clients.

With Klarphos our clients have access to leading global fund managers while simultaneously achieving robust diversification across vintages, geographies and sectors.

The Klarphos team brings together a wealth of experience, with an average of over 15 years in investment roles at top-tier asset management firms. Collectively, we have managed assets exceeding €25bn in previous roles. 

Senior Large Cap Debt
Strategy:  large-cap senior secured leveraged loans. Targeted European companies, EBITDA >€75m
Timing: Fundraising Q4 2023 – Q3 2025
Target return:  Euribor +4% gross
Target size:  €300m / 100 names
Fund duration:  10 years
Legal form: French Limited Partnership (SLP)

Mezzanine & Unitranche
Strategy:  Mezzanine and Unitranche. 
Targeted Small/mid-cap companies,  EBITDA €[5-35]m
Timing: Fundraising Q2 2023-Q1 2025
Sectors:  diversified
Target return:  Euribor +9-11% gross
Target size:  €500m / 35 names
Legal form: French Limited Partnership (SLP)

Workshop Objective: Presentation of CIC Private Debt and corporate private debt 

Company Profile: Founded in 2003, CIC Private Debt today manages €3.5 billion on behalf of institutional and private investors. 
With more than 20 years of presence on the market, the management team of 40 professionals, based in Paris, London and Francfort has developed a multi-sourcing deal flow with investment funds, M&A advisors, financing advisors and specialised banking teams.  As a leading player in disintermediated financing for European SMEs, the management company, regulated by the French AMF authority and AIFM approved, has made more than 500 investments through 4 business lines; Mezzanine & Unitranche debt, Senior mid-cap debt, Senior large cap debt and Infra debt.

Website address is the following:
Home | CIC Private Debt (cic-privatedebt.eu)

In the current macro-economic environment investors and companies are faced with a catch-22 situation of balancing lower growth with higher costs. In this session, we peer behind the curtain into what this means for private credit, the routes private credit can offer to generate real returns, and why access is no longer an exclusive, members only, locked-up allocation club. 

Workshop Objectives: Finding a source of consistent, stable, uncorrelated returns is rare, particularly in periods of uncertainty. This workshop demonstrates how private credit can be used as a tool for navigating changing macroeconomic backdrops.

Nordea Nordic Senior Loans Strategy (NSL) offers an exclusive access to the Nordics largest and leading leveraged buyout loan book. This unique strategy taps into Nordea's own LBO portfolio, providing investors with unparalleled exposure to senior secured loans from top-tier Nordic companies, backed by premier financial sponsors

Workshop Objectives: Uncover Nordea Asset Management’s innovative Private Credit fund strategy, offering unparalleled and exclusive access to the leading LBO loan book in the Nordics carrying unique investment opportunities.

Company Profile:  Nordea Asset Management (NAM, AuM 264bn EUR*), is part of the Nordea Group, the largest financial services group in the Nordic region (AuM 400bn EUR*). NAM offers European and global investors exposure to a broad set of investment funds. We serve a wide range of clients and distributors which include banks, asset managers, independent financial advisors and insurance companies.

Nordea Asset Management has a presence in Bonn, Brussels, Copenhagen, Frankfurt, Helsinki, Lisbon, London, Luxembourg, Madrid, Milan, New York, Oslo, Paris, Santiago de Chile, Singapore, Stockholm, Vienna and Zurich. Nordea's local presence goes hand in hand with the objective of being accessible and offering the best service to clients.

Nordea’s success is based on a sustainable and unique multi-boutique approach that combines the expertise of specialised internal boutiques with exclusive external competences allowing us to deliver alpha in a stable way for the benefit of our clients. NAM solutions cover all asset classes from fixed income and equity to multi asset solutions, and manage local and European as well as US, global and emerging market products.