European asset manager Amundi has been appointed to manage a private markets multi-management mandate worth €350m (£303m), invested in private equity and private debt, on behalf of French public reinsurance company Caisse Centrale de Réassurance (CCR).
Alongside this main sleeve, an ancillary sub-portfolio has been created to which CCR’s existing assets may be transferred. Amundi will leverage the expertise of Amundi Alpha Associates, its private markets multi-management platform composed of a team of 80 experts with over €20bn in assets, to manage the mandate.
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“We are delighted that CCR entrusted us to offer our expertise in private assets, which we have recently strengthened significantly,” said Jean-Jacques Barbéris, head of institutional and corporate clients division, Amundi.
“This mandate illustrates our ability to offer tailored solutions and support while bringing together a wide range of expertise to meet the needs of institutional investors. The latter are increasingly incorporating private assets into diversified allocations while demanding high standards of responsible investment.”
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