The joint venture gives Talanx access to infrastructure loans and other alternative asset classes of NORD/LB Group. Talanx will also be able to benefit from the rating expertise of RSU Rating Service Unit GmbH & Co. KG, a wholly-owned subsidiary of the German Landesbanks. Caplantic is also set to play the role of service provider for the area of private equity in investment management at Talanx.
In view of the low interest rates currently prevailing, the owners are anticipating an increasing shift in investment towards alternative asset classes such as real estate, private equity and infrastructure investments. They are therefore expecting significant growth in these areas. Talanx is already strategically increasing the proportion of these investment classes in order to counteract the declining yields as a result of low interest rates.
Caplantic Alternative Assets GmbH was established in 2013 as a joint venture between NORD/LB and private bank Bankhaus Lampe. Alongside the stake in the single-digit million euros being acquired by Talanx, NORD/LB will hold 45 percent of Caplantic shares in future, and Bankhaus Lampe will hold 10 percent of the shares via Lampe Credit Advisors GmbH. The new structure is subject to approval by the anti-trust regulator.