BNP Paribas Asset Management Buys Majority Stake in Dutch Lending Specialist Dynamic Credit Group

Posted on 09/15/2021

BNP Paribas Asset Management signed a deal to buy a majority stake in Dynamic Credit Group, an Amsterdam-based asset manager and specialist lender with 9 billion euros of assets under management, the companies said on Wednesday. BNP Paribas wants to give Dynamic Credit access to a larger distribution network. Dynamic Credit Group comprises the asset management and direct lending firm Dynamic Credit, and the investor services platform LoanClear.

Dynamic Credit started in New York as a fixed-income asset management firm in 2003, extending their services with an advisory practice in the following years. International expansion began in 2009, when the Amsterdam office was opened. In March 2014, the company transformed into an asset management/direct lending firm by launching the first mortgage loan mandate of the Netherlands. This was followed in July of that year by a second mandate, and in June 2015 by a third. In December 2015, Dynamic Credit set up the first online mortgage distribution platform of the Netherlands under its own label: bijBouwe. Funding for this label comes from pension funds, insurance companies, banks and the capital markets.

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