Gabriella Kindert joined NN Investment Partners as boutique manager alternative credit, said a spokeswoman.
The position is new. Based in The Hague, Netherlands, Ms. Kindert is responsible for overseeing all illiquid fixed-income strategies, including residential real estate, corporate private debt, project finance and commercial real estate loans.
NN Investment Partners’ alternative credit boutique has €14 billion ($15.7 billion) in assets under management.
“The continued growth in the private lending space marks the ongoing change in the financial landscape where institutional investors partially will take over the risk-taking from banks,” said Han Rijken, head of global credit at NN Investment Partners, in a news release.
“Due to the nature of alternative credit, it is important to make the asset class easily accessible (therefore) we are extending our current offering by expanding our capabilities in private debt for institutional investors soon to make the added value broadly available,” he added.
Ms. Kindert was previously a partner at investment advisory services firm Investfair. The firm’s spokesman could not be reached by press time for information on a replacement.