Tetragon Financial Group Ltd Agreement
July 02 2019 - 2:00AM
UK Regulatory
TIDMTFG
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.
END
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