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.
This news release contains forward-looking statements which are based on certain assumptions, expectations and opinions of the Talanx AG management. These statements are, therefore, subject to certain known or unknown risks and uncertainties. A variety of factors, many of which are beyond Talanx AG’s control, affect Talanx AG’s business activities, business strategy, results, performance and achievements. Should one or more of these factors or risks or uncertainties materialise, actual results, performance or achievements of Talanx AG may vary materially from those expressed or implied in the relevant forward-looking statement. Talanx AG does not guarantee that the assumptions underlying such forward-looking statements are free from errors nor does Talanx AG accept any responsibility for the actual occurrence of the forecasted developments. Talanx AG neither intends, nor assumes any obligation, to update or revise these forward-looking statements in light of developments which differ from those anticipated.