MV Credit to open Paris office as it expands with new private debt team

MV Credit, an affiliate of Natixis IM, is to open an office in Paris and integrate the former* private debt team of Ostrum Asset Management as part of a strategic and geographical expansion.  

The new entity will be led by Arnaud Heck, who is appointed Head of MV Credit France, and will count around 16 staff upon transfer of the team. MV Credit France will manage and develop the collateralised loan obligation (CLO) and corporate debt product offer formerly managed within Ostrum AM, as part of a strategic expansion for the firm. This new development follows several years of growth for MV Credit which has continued to develop innovative solutions for its clients such as the MV Dual Fund, launched in 2021 to provide private market exposure combined with enhanced liquidity.  

This transfer demonstrates the synergies within the Natixis IM affiliate network and the value and efficiency it provides. It is in line with Natixis IM's ambition to support each affiliate in expanding its specific field of excellence and provide clients with access to a clear and diversified product and service range.  It also supports Natixis IM’s strategy to grow its private asset business around scalable platforms such as MV Credit.The transition further demonstrates Natixis IM’s support for this asset class and MV Credit’s plan to develop its CLO business.  

The transfer is expected to be completedby the end ofthe first quarter of2022, increasing MV Credit’s assets under management (AUM) to nearly €5billion.**