Paris-based Amundi, the largest European asset manager, has been appointed to manage a multi-management mandate worth €350 million, invested in private equity and private debt, on behalf of Caisse Centrale de Réassurance (‘CCR’), the French public reinsurance company. Alongside this main sleeve, an ancillary sub-portfolio has been created to which CCR’s existing assets may be transferred.
According to a statement from Amundi, the firm was selected to manage the mandate due to its expertise in multi-management of private assets, its ability to structure solutions tailored to institutional investors, its proprietary ‘ALTO’ technology platform and its long-standing commitment to responsible investment.
The mandate will be managed by Amundi Alpha Associates, its private markets multi-management platform composed of a team of 80 experts with over €20 billion in assets under management.
Jean-Jacques Barbéris, Head of Institutional & Corporate Clients Division, ESG Supervisor, Amundi, said: ’We are delighted that CCR entrusted us to offer our expertise in private assets, which we have recently strengthened significantly.
“This mandate illustrates our ability to offer tailored solutions and support while bringing together a wide range of expertise to meet the needs of institutional investors. The latter are increasingly incorporating private assets into diversified allocations while demanding high standards of responsible investment.’
