Aegon Asset Management US Closes 46th Fund Offering

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Jun 14, 2016, 09:00 ET

CEDAR RAPIDS, Iowa, June 14, 2016 /PRNewswire/ -- Aegon Asset Management US announces the closing of a $180 million national low-income housing tax credit fund. This is the 46^th fund offering of Aegon USA Realty Advisors, LLC ("AURA"), a member company of Aegon Asset Management, the global group of asset managers affiliated with Netherlands-based Aegon N.V. In addition to sponsoring the fund, AURA will also provide ongoing fund oversight and asset management services for the life of the fund.

"The closing of this fund marks more than $2.4 billion of U.S. institutional tax credit fund investments for Aegon Asset Management," noted Christoph Gabler, Executive Vice President. "We continue to grow our platform by adding new clients and leveraging current relationships, which range from regional banks and insurance companies to some of the most well-known technology and financial services firms in the country."

The AURA fund is expected to comprise 14 investments in properties located in five states and one U.S. territory. Fund investors include an almost even mix of banks and insurance companies, including an Aegon affiliate. "I think in the future more investors will be looking toward institutional fund sponsors like AURA," Mr. Gabler stated. "For this fund to attract an Aegon affiliate as one of the institutional investors further demonstrates the alignment of interest."

This is the largest single fund that AURA has sponsored since it began syndicating tax credits in 2003. Bank of America Merrill Lynch acted as placement agent for the fund.

About Aegon USA Realty Advisors, LLC (AURA): AURA is a fully integrated real estate asset manager that has provided real estate investment services to institutional clients for more than three decades. AURA provides real estate asset management and advisory services – including tax credit investments, commercial mortgage loans, affordable housing debt, and various other private equity and debt products – to affiliated and unaffiliated institutional clients. AURA has established a distinguished reputation in the real estate industry for its diverse real estate expertise and strong investment performance. AURA is a part of Aegon Asset Management, which is an international asset management organization based in The Hague, with offices across North America, Europe and Asia.

For more Information, visit www.aegonrealty.com.

About Aegon Asset Management:
Aegon Asset Management is a global, active investment manager. Aegon Asset Management uses its investment management expertise to help clients achieve a lifetime of financial security, with a focus on excellence, trust and partnership. Investors worldwide entrust Aegon Asset Management to manage approximately $392 billion on their behalf (as of March 31, 2016.)

Positioned for success in its chosen markets (North America, the UK, Continental Europe and Asia), Aegon Asset Management's specialist teams provide high-quality investment solutions across asset classes. Its clients benefit from the extensive international research capabilities and in-depth local knowledge of Aegon Asset Management, as well as Kames Capital, its UK investment team, and TKP Investments, its fiduciary and multi-manager investment team in the Netherlands.

Aegon Asset Management is part of Aegon, one of the world's leading financial services organizations, providing life insurance, pensions and asset management.

For more information, visit www.aegonassetmanagement.com.