Dutch pension funds PMT and PME have appointed Robeco as the second manager of their private corporate debt (PCD) portfolio, with a new investment of approximately €1.15bn.
The move brings total PCD allocations on behalf of both funds to around €2.3bn, it was announced.
Fiduciary asset manager MN, which oversees the portfolio for the two funds, conducted the selection process in early 2025 and is managing the build-up of the investment over the next two years.
Robeco’s mandate complements existing investments managed by MetLife Investment Management, which was appointed in 2023 with initial commitments of €500m from PMT and €650m from PME.
The PCD strategy provides the pension funds with access to a network of national and international banks and debt advisors, allowing them to respond to the financing needs of mid-sized Dutch and European companies.
Robeco worked closely with MN and the funds to tailor the mandate, aiming to enhance portfolio diversification and maintain a balanced mix of credit quality and company size.
Alae Laghrich, chair of PME’s executive board, said the investment aligns with the fund’s ambition to support the manufacturing and high-tech sectors: “PME is investing €650m in the European economy, with the Dutch manufacturing and high-tech sectors as key drivers.”
Hartwig Liersch, director of investments at PMT, added: “This €500m mandate strengthens the Dutch and European economies. PMT sees attractive opportunities in the Metals and Engineering sector and will explore further investments in the coming months.”
“The mandate from PMT and PME recognises Robeco’s private debt capabilities,” said Ivo Frielink, global head of sales and marketing at Robeco. “Together, we are contributing to a stronger Dutch economy by sustainably financing mid-sized companies and building a resilient private credit platform.”
