Netherlands-based Robeco has been appointed as the manager of a private corporate debt (PCD) mandate by two Dutch pension funds PMT and PME.
The new mandate is valued at approximately €1.15 billion.
Robeco is the second manager to be appointed by the pension funds for the PCD mandate.
MetLife Investment Management was previously appointed to manage a €650 million mandate.
According to MN, the fiduciary asset manager acting on behalf of the pension funds, Robeco’s sustainability ambitions are “closely aligned” with that of PMT and PME, as well as their wish to support Europe’s manufacturing and high-tech sectors.
“In a time of significant change, PME is actively seeking new ways to support the European economy on behalf of our participants and employers,” said Alae Laghrich, chair of the executive board of PME.
“While others are still debating the recommendations of Draghi and Wennink, PME is investing EUR 650 million in the European economy, with the Dutch manufacturing and high-tech sectors as key drivers.”
