Tetragon Financial
Group Limited Announcement of closing of GreenOak Real Estate
merger with Sun Life's real estate and property management firm
Bentall Kennedy
TFG Asset Management retains a key
strategic investment in the combined firm BentallGreenOak
LONDON, July 2, 2019 --
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: |
Press Inquiries: |
|
|
Yuko Thomas |
Prosek Partners |
Investor Relations |
Andy Merrill and Ryan FitzGibbon |
ir@tetragoninv.com |
+1 212 279 3115 |
|
Pro-tetragon@prosek.com |
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.