On September 6, 2017, Aegon announced that it will acquire a 25% stake in Dynamic Credit, an asset management and direct lending firm.
Terms of the acquisition were not disclosed, and the closing is subject to customary regulatory approvals. Dynamic Credit will use the proceeds of the investment to expand into new lending opportunities, including buy-to-let and SME loans. In addition, its LoanClear platform will be upgraded to become an investment hub for marketplace lenders.
Established in 1844, Aegon is an Amsterdam-based alternative fixed income asset manager that focuses on life insurance, pensions and asset management. As of June 2017, Aegon has more than €815 billion of assets under management.
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