Aegon Asset Management (Aegon AM) and the European Investment Fund (EIF) have renewed and broadened their partnership through an expanded guarantee transaction, supporting a portfolio of Aegon AM’s SME and small mid-cap clients.

Building on an initial agreement signed in 2023, the new guarantee agreement will enable Aegon AM to provide up to €407 million in available financing to support high-growth Dutch companies.

The guarantee agreements are backed by the European Commission under its InvestEU initiative.

Aegon AM’s investments will target companies whose projects and business activities support climate action and sustainability, as well as digitalization and competitiveness.

EIF CEO Marjut Falkstedt said: “Especially high-growth companies need support to make sure they can stay and thrive right here in Europe, preserving access to key technologies and services. We’re very happy and proud to build on our relationship with Aegon AM to make that happen.”

Damiaan Jacobovits de Szeged, CEO of Aegon AM CE, said: “The continuation of our partnership with the EIF strengthens our ability to support SMEs and small mid-caps with debt financing.

“We are committed to supporting private companies in the Netherlands with debt financing that enables them to realize their growth ambitions, contribute to job creation, innovation and long-term economic growth.

“We are proud of our partnership with the EIF, which allows us to offer our third-party clients attractive investment opportunities, with a compelling risk/return profile given the EIF guarantees. This collaboration is a core aspect of our strategic focus on Private Debt with Impact.”