MV Credit to open Paris office, expand private debt team

MV Credit, an affiliate of Natixis Investment Managers, is to open an office in Paris and integrate the former private debt team of Ostrum Asset Management as part of a strategic and geographical expansion.

The new entity will be led by Arnaud Heck, who is appointed head of MV Credit France, and will number some 16 staff upon transfer of the team. MV Credit France will manage and develop the CLO and corporate debt product offer formerly managed within Ostrum AM, as part of a strategic expansion for the firm.

According to the company, the move is in line with Natixis IM’s strategy to grow its private asset business around scalable platforms such as MV Credit, and further demonstrates its support for this asset class and plans to develop its CLO business.

The transfer is expected to complete by the end of the first quarter, increasing MV Credit's assets under management to nearly €5 billion.