Private assets

Dutch Mortgages Strategy

The mortgage market is an essential component of the Dutch financial landscape, exceeding EUR 830 billion at the end of September 2024.1 And with strong underlying fundamentals, government support2 and generally low default rates, Dutch mortgages can represent a relatively secure asset class for investors seeking long-term income.

Investment philosophy

Dynamic Credit believes Dutch mortgage loans offer high relative value compared to other fixed income products with similar levels of risk. Leveraging its local presence, extensive expertise and proprietary mortgage lending platform (bijBouwe4), Dynamic Credit seeks to provide diversified exposure to the asset class.

Investment process

The strategy follows a disciplined six-step process:

  • Investment commitment
  • Marketing and distribution
  • Underwriting
  • Servicing
  • Monitoring and fraud prevention
  • Investment portfolio

Team and expertise

Based in Amsterdam, Dynamic Credit’s Dutch Mortgages team is led by Jasper Koops, 11+ years of industry experience. Team members have extensive investment experience through market cycles and a deep understanding of the Dutch mortgage market.  

Dynamic Credit joined BNP Paribas Asset Management in 20225 and is fully integrated within BNP Paribas’ 100+ strong Private Assets investment division. It enjoys the support of various BNP Paribas Asset Management teams including our dedicated Sustainability Centre, Quantitative Research Group, Macro Research team, and the wider BNP Paribas network.

 

[1] De Nederlandsche Bank (DNB), September 2024
[2] Some Dutch mortgage loans are eligible for Nationale Hypotheek Garantie (NHG), a Dutch National Mortgage Guarantee, backed by the Dutch State
[3] Dynamic Credit, December 2024
[4] Established in 2015, bijBouwe is an innovative platform for investments in Dutch mortgage loans. Trademark, copyright, and other intellectual property rights are and remain the property of their respective owners. 
[5] BNP Paribas Asset Management, as of December 2024

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Important information

Marketing communication. For professional investors only.

Past performance or achievement is not indicative of current or future performance. Performance is calculated net of fees unless otherwise stated.

Any views expressed here are those of the author as of the date of publication, based on available information, and subject to change without notice. This material does not constitute investment advice.

Investments are subject to market fluctuations and the risks inherent in investments in securities. The value of investments and the income they generate may go down as well as up and it is possible that investors will not recover their initial investment. There is no guarantee that the performance objective will be achieved.

Private assets are investment opportunities that are unavailable through public markets such as stock exchanges. They enable investors to directly profit from long-term investment themes and can provide access to specialist sectors or industries, such as infrastructure, real estate, private equity and other alternatives that are difficult to access through traditional means. Private assets do, however, require careful consideration, as they tend to have high minimum investment levels and may be complex and illiquid.