AAM Insurance Investment Management, a provider of asset management services for the insurance industry, and Affinius Capital, an institutional real estate investment management firm, have formed a strategic partnership under which AAM's insurance company clients will be provided with access to commercial real estate lending strategies.
The program is expected to “leverage the expertise of both firms, combining AAM’s deep understanding of insurance investment needs with Affinius Capital’s specialized knowledge and experience in real estate lending,” said AAM in a news release issued on Jan. 15.
“AAM’s primary focus has always been to partner with insurance companies, understanding their objectives and constraints, and to provide accretive investment strategies,” said John Schaefer, CEO of AAM, in the release. “Affinius Capital’s reputation and history of CRE investing, dating to the firm’s origin as the real estate investment arm of USAA, make it an ideal partner to AAM and our clients.”
AAM Insurance Investment has $24 billion in assets under management, while Affinius has $64 billion in gross assets under management.