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Talanx leads joint venture in alternative investments

German insurer The Talanx Group, NORD/LB Norddeutsche Landesbank and Bankhaus Lampe are entering into a joint venture in the area of alternative investments.

Talanx will take a stake of 45 percent in investment service provider Caplantic Alternative Assets GmbH. The intention is to develop Caplantic into one of Germany's leading service providers for alternative asset management and financial solutions.

The joint venture gives Talanx access to infrastructure loans and other alternative asset classes of NORD/LB Group. Talanx will also be able to benefit from the rating expertise of RSU Rating Service Unit GmbH & Co. KG, a wholly-owned subsidiary of the German Landesbanks. Caplantic is also set to play the role of service provider for the area of private equity in investment management at Talanx.

In view of the low interest rates currently prevailing, the group is anticipating an increasing shift in investment towards alternative asset classes such as real estate, private equity and infrastructure investments. They are therefore expecting significant growth in these areas. Talanx said that it is already strategically increasing the proportion of these investment classes in order to counteract the declining yields as a result of low interest rates.

Source: Moody's Analytics