MN backs M&G Investments

MN commits €400m to M&G European Living Property Fund.

Name: MN
HQ: The Hague, Netherlands
AUM: €175 billion
Allocation to real estate: 8%

MN has committed €400 million to M&G Investments’ latest real estate vehicle, M&G European Living Property Fund, according to a recent press release from the firm.

The fund, which launched this year, follows the investment strategy of its European Strategic Value Fund. It focuses on investment into UK residential properties such as retirement homes, student accommodation and the private rental market.

MN, which was founded in 1948, is a fiduciary asset manager that administers pension assets of people in the Netherlands. It has a real estate allocation of 8 percent, which is valued at almost €14 billion.

Platinum subscribers may click here for the investor’s full profile, including key contacts, allocation strategy and fund investments.