Aegon Achtergestelde Leningen (ALF) Fund
Fund description

The ALF fund, short for ‘AEGON Achtergestelde Leningen Fonds’ (i.e. Subordinated Loan Fund), is a specialty fixed income investment fund that invests in subordinated loans to Dutch small and medium-sized enterprises (SMEs).

 

Fund highlights

  • Invest in Dutch subordinated SME loans, with a 50% to 80% government guarantee
  • Benefit from an expected 450 bps spread over swap, a significant premium for risk and illiquidity
  • Diversify into a difficult to access market segment
  • Fund set-up together with Dutch large banks and other parties as part of a government initiative to provide financing for SMEs and hence foster economic growth
  • Aegon Netherlands is a cornerstone investor

 

About the fund

The ALF fund, short for ‘AEGON Achtergestelde Leningen Fonds’ (i.e. Subordinated Loan Fund), is a specialty fixed income investment fund that invests in subordinated loans to Dutch small and medium-sized enterprises (SMEs). It was developed by NLII in close cooperation with the banks and the Dutch government. Banks play an important role in deal-sourcing. The Dutch government and the "European Investment Fund" (EIF)wishes to stimulate economic growth and SME financing, and therefore they guarantees 50% to 80% of losses on the principal amount of the subordinated loans.

Key facts
ISIN
NL0011546734
SEDOL
1154673
SFDR Classification
Article 8
Literature
All Documents
Download
Aegon Achtergestelde Leningen (ALF) Fund
Informatie Memorandum AEGON Achtergestelde Leningen Fonds (Dutch) 1 April 2024
Aegon Achtergestelde Leningen Fonds (ALF) voor mkb
Aegon Achtergestelde Leningen Fonds - Jaarverslag 2023
SFDR Disclosure Aegon Achtergetstelde Leningen Fonds 1 September 2023
SFDR Website disclosure - AEGON Achtergestelde Leningen Fonds
Aegon AM NL Sustainability Risks and Impacts Policy
Statement of Compliance