LONDON, July 2, 2019
/PRNewswire/ -- Tetragon Financial Group Limited today announces
the closing of the merger of its GreenOak Real Estate joint venture
with Bentall Kennedy, Sun Life Financial Inc.'s leading North
American real estate and property management firm. The combined
Bentall Kennedy and GreenOak entity is named BentallGreenOak and is
part of SLC Management, the institutional alternatives asset
management business of Sun Life, providing BentallGreenOak with
access to the support and resources of a global asset
manager.
BentallGreenOak remains a key strategic investment of TFG Asset
Management, Tetragon's diversified alternative asset management
business that owns majority and minority private equity stakes in
asset management companies. TFG Asset Management is a member
of the Board of Directors of BentallGreenOak, participates in
investment committees for funds in which TFG Asset Management holds
carried interest and expects to invest in new BentallGreenOak
funds.
"Tetragon is proud of GreenOak's growth and performance since
its launch nearly a decade ago, when we first partnered with its
co-founders by providing working capital, co-investment capital and
operating infrastructure to the joint venture," said Stephen Prince, Head of TFG Asset
Management. "We are looking forward to this next chapter in
the business's evolution and believe in BentallGreenOak's
commitment to continuing to deliver strong investment performance
and innovative investment, asset management and real estate
operations strategies."
The combined BentallGreenOak investment platform serves over 750
institutional clients with approximately U.S.$46 billion in assets under management.
With head offices in New York,
Toronto, London and Tokyo, and real estate investment
professionals in 22 offices worldwide, BentallGreenOak has deep
local knowledge and a strong, long-standing investment track record
across the United States,
Canada, Europe and Asia.
About Tetragon:
Tetragon is a closed-ended
investment company that invests in a broad range of assets,
including bank loans, real estate, equities, credit, convertible
bonds, private equity, infrastructure and TFG Asset Management, a
diversified alternative asset management business. Where
appropriate, through TFG Asset Management, Tetragon seeks to own
all, or a portion, of asset management companies with which it
invests in order to enhance the returns achieved on its capital.
Tetragon's investment objective is to generate distributable income
and capital appreciation. It aims to provide stable returns to
investors across various credit, equity, interest rate, inflation
and real estate cycles. The company is traded on Euronext in
Amsterdam N.V. and on the Specialist Fund
Segment of the main market of the London Stock
Exchange. For more information please visit the company's website
at www.tetragoninv.com.
Tetragon:
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Press
Inquiries:
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Yuko
Thomas
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Prosek
Partners
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Investor
Relations
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Andy Merrill and Ryan
FitzGibbon
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ir@tetragoninv.com
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+1 212 279
3115
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Pro-tetragon@prosek.com
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This release contains inside information within the
meaning of Article 7(1) of the EU Market Abuse
Regulation.
This release does not contain or constitute an
offer to sell or a solicitation of an offer to purchase
securities in the United States or any other
jurisdiction. The securities of Tetragon have not been and
will not be registered under the U.S. Securities Act of 1933 and
may not be offered or sold in the United
States or to U.S. persons unless they are registered under
applicable law or exempt from registration. Tetragon does not
intend to register any portion of its securities in the United States or to conduct a public offer
of securities in the United States. In addition, Tetragon has
not been and will not be registered under the U.S. Investment
Company Act of 1940, and investors will not be entitled to the
benefits of such Act. Tetragon is registered in the public
register of the Netherlands Authority for the Financial Markets
under Section 1:107 of the Financial Markets Supervision Act as a
collective investment scheme from a designated country.
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SOURCE Tetragon Financial Group Limited