SCOR Investment Partners collected EUR 1.017bn (gross) in 2020
SCOR Investment Partners, the SCOR reinsurance group’s asset management arm, saw gross inflows of EUR 1.017bn in 2020 from investors outside SCOR. Net inflows in 2020 were more than EUR 510m, with outflows deriving principally from the run-off of corporate loan funds.
This robust momentum brought third-party assets under management to EUR 5.1bn, or 31% of the portfolio management company’s total of EUR 16.4bn as of December 31, 20201).
SCOR Investment Partners is consolidating its positioning on the insurance-linked securities (ILS) market, having entered the elite group of asset managers with more than USD 2.5bn in ILS under management as of end-December 2020.
The private debt platform is also on an upward trend, with respect to the financing of value-adding real- estate projects and infrastructure financing. In 2020, the company launched its fourth real-estate debt fund, which contributes to the renovation and renewal of the Paris region’s office space and housing stock, while adhering to demanding environmental standards.
In this time of social distancing, SCOR Investment Partners has also put priority on supporting its clients. Recognized for its high level of transparency, the company has made its staff available to respond to the needs of its clients in this unprecedented period.
François de Varenne, CEO of SCOR Investment Partners, said: “Our success reinforces my belief in our goals for the third-party asset management business. We have strengthened our ILS platform, developed new junior and mezzanine debt strategies for real estate and infrastructure and integrated non-financial criteria into our high-yield bond and leveraged loan funds. In 2021, SCOR Investment Partners will continue to offer its clients strategies that can respond to their needs in a context of particularly low interest rates.”
1) Data including undrawn commitments, funds for which SCOR Investment Partners acts as advisor and the assets under management of Coriolis Capital Limited.
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About SCOR Investment Partners
SCOR Investment Partners is the SCOR Group’s portfolio management company. Created in 2008 and authorized since May 2009 by the French financial market regulatory body, the Autorité des marchés financiers (“AMF”), under no.°GP09000006, SCOR Investment Partners has more than 80 employees and is structured around six investment desks: Aggregate, High Yield & Convertible bonds, Corporate Loans, Infrastructure Debt, Real Estate and Insurance-Linked Securities. Since 2012, SCOR Investment Partners has given professional investors access to some of the strategies developed for the SCOR group. Assets under management entrusted by external institutional investors amount to EUR 5.1 billion at the end of December 2020. Total assets under management amount to EUR 16.4 billion at the end of December 2020 (undrawn commitments and Coriolis Capital Limited assets included).