Investment Management

Investment Management

Domestic and foreign financial markets are constantly in flux. Investment management requires a flexible market approach to address this. Houthoff's multi-disciplinary Investment Management Team has the necessary experience and expertise. Our firm represents both institutional investors and asset managers, giving our specialists an unparalleled understanding of this complex financial playing field. As one of the few Dutch investment management experts, we integrate legal, tax and notarial knowledge with a comprehensive knowledge of the sector. Our Investment Management Team has extensive experience with asset pooling, investment institutions (including private equity funds, hedge funds, real estate funds, retail funds - UCITS and non-UCITS - and funds of funds) and regulations relating to collective asset management.

  • recommendation people shaking hands
    First Tier firm. 
    Chambers Europe, Investment Funds (2018 Edition)
  • recommendation people shaking hands
    "According to interviewees, the team is 'sufficiently resourced, with talented people to give correct, well-defined and timely responses'."
    Chambers Europe, Investment Funds (2018 Edition)
  • recommendation people shaking hands
    "Clients praise the 'excellent team' for its 'quick and practical' lawyers who 'have good knowledge and experience'."
    Chambers Europe, Investment Funds (2018 Edition)
  • recommendation people shaking hands
    First Tier firm. 
    Legal 500, Investment Funds (2018 Edition)
  • recommendation people shaking hands
    "The ‘absolutely top-notch’ team at Houthoff acts for fund managers, institutional investors and large insurers."
    Legal 500, Investment Funds (2018 Edition)
  • recommendation people shaking hands
    "The firm has a good presence in the market and does a lot of contracts for asset managers and pension funds. I have worked with a lot of law firms and Houthoff Buruma are faster and better."
    Chambers Europe, Investment Funds (2017 Edition)
  • recommendation people shaking hands
    "In my experience, all the firm's employees are very knowledgeable and accurate. They are eager to deliver and their response times are short."
    Chambers Europe, Investment Funds (2017 Edition)
  • recommendation people shaking hands
    First Tier firm.
    Chambers Europe, Investment Funds (2017 Edition)
  • recommendation people shaking hands
    Recommended
    Legal 500, Investment Funds (2017 Edition)
  • recommendation people shaking hands
    First Tier firm.
    Chambers Europe, Investment Funds (2016 Edition)
  • recommendation people shaking hands
    "It is a first-class firm. Only the best lawyers are employed there. They are knowledgeable, reliable, accessible and able to explain things in a simple manner."
    Chambers Europe, Investment Funds (2016 Edition)
  • recommendation people shaking hands
    "Perfect service: it's always possible to get in contact for questions, and the lawyers are hard workers and perfect team players."
    Chambers Europe, Investment Funds (2016 Edition)
  • recommendation people shaking hands
    "The department is commended for its ‘excellent service’."
    Legal 500, Investment Management (2016 Edition)

Our expertise in investment management

Investment institutions are subject to strict regulatory laws and regulations. Our Investment Management Team has an unparalleled understanding of this complex web of legal requirements. They provide our clients with strategic and practical advice on setting up, structuring and restructuring investment institutions. Our specialists also regularly advise asset managers, pension funds and other institutional investors on discretionary and fiduciary asset management and asset pooling.

To be able to offer strategic solutions, our investment management specialists work closely with experts in areas such as real estate, private equity, and banking & finance. In cross-border transactions, we work with other lawyers from Lex Mundi, the most exclusive global network of law firms.

  • Houthoff has recently been retained by ABP, the largest pension fund in the Netherlands, to advise on all investment management related matters concerning its relationship with APG, including several Dutch investment funds managed by APG. The Houthoff team is led by Oscar van Angeren and Daan Horsthuis.

  • Houthoff advised Stichting Bedrijfstakpensioenfonds voor de Bouwnijverheid (BpfBOUW), the fourth largest pension fund in the Netherlands, managing assets of approximately EUR 55 billion, on several legal matters concerning its relationship with APG. The advice pertained to, among other things, the legal documentation of the asset management, fund management and fiduciary and other advisory services provided by APG to BpfBOUW on an ongoing basis. The advice also covered the negotiations on a new Dutch law fiduciary management agreement with APG.
  • Advising Adveq Dutch Investments, a private equity and real assets investor with approximately USD 5.4 billion AuM, on its Dutch investments, including Avedon Capital Partners and HPE Growth Capital.
  • Advising the Pension Fund for the Bakeries on various aspects of their asset management, investment fund management and risk management contracts. 
    The advice pertains to, among other things, the legal documentation of the asset management, fiduciary and other advisory services provided to the Pension Fund for the Bakeries on an ongoing basis.
  • Advising the Pension Fund for the Medical Specialists, with assets under management of more than € 8 billion on, inter alia:
    (i) their custody contracts with JP Morgan;
    (ii) their fiduciary asset management contract with BlackRock;
    (iii) their ISDA contracts; and
    (iv) their fund investments.
  • Continuing to advise the Transport Industry Pension Fund, with assets under management of approx. € 17 billion, on, inter alia:
    (i) their asset pooling structure, including the implications of the AIFMD;
    (ii) their fund investments (private equity and real estate funds);
    (iii) their custody contracts with Northern Trust Global Advisors;
    (iv) the continuing appointment of new asset managers (approx. 30); and
    (v) their ISDA contracts.
  • Houthoff is representing a Dutch pension fund in a more than € 1 billion claim against their former asset manager for inadequate covering of the interest risk of the pension fund.
  • Advising Pension fund Vopak on investments in U.S. real estate. Vopak is the world’s leading independent tank storage provider for the oil and chemical industry.
  • Houthoff advised Stichting Bedrijfstakpensioenfonds voor de Zuivel en aanverwante industrie ("Bpf Zuivel"), a Dutch industry wide pension fund, on inter alia the following legal matters:

    (i) the delegation of certain of Bpf Zuivel's asset management tasks to BNP Paribas Investment Partners Netherlands N.V. by means of an investment management agreement entered into between Bpf Zuivel and BNP Paribas Investment Partners Netherlands N.V.;
    (ii) the outsourcing of Bpf Zuivel's pensions management and related tasks to Syntrus Achmea Pensioenbeheer N.V. by means of a pensions management agreement entered into between Bpf Zuivel and Syntrus Achmea Pensioenbeheer N.V.; and
    (iii) the appointment of Kas Bank N.V. as Bpf Zuivel's custodian by means of a custody agreement entered into between Bpf Zuivel and Kas Bank N.V.
  • Houthoff advised Stichting Bedrijfspensioenfonds voor het Bakkersbedrijf (Bpf Bakkers), a Dutch pension fund managing assets of approximately EUR 3.5 billion, on the appointment of NN Investment Partners as their new integrated fiduciary asset manager. This transaction involved the preparation and negotiations of a fiduciary management agreement under Dutch law based on Bpf Bakker's own template.
  • Advised Stichting-Telegraafpensieonfonds 1959, a Dutch pension fund with assets under management of approximately EUR 1.2 billion, on the appointment of NN Investment Partners (NN IP) as their new integrated (fiduciary) asset manager. The work included the preparation of, and negotiations about, a complex Dutch law fiduciary management agreement.
  • Houthoff advised VSB Vermogensfonds on the appointment of NN Investment Partners (NN IP) as their new integrated (fiduciary) asset manager. The work included the preparation of, and negotiations about, a complex Dutch law fiduciary management agreement.
  • Advised CBRE Global Investment Partners, part of one of the world’s premier, full-service commercial real estate services and investment companies, on setting up a Dutch fund targeting European co-investment and joint venture strategies, having raised a total of USD 840 million of equity sourced from six investors.
  • Advised Stichting Pensioenfonds Campina, a Dutch pension fund with assets under management of approximately EUR 1.4 billion, on the renewal of its contractual relationship with Goldman Sachs Asset Management International. The work included the preparation of, and negotiations about, a complex Dutch law fiduciary management agreement based on the pension fund's own ‘template’.
  • Advised CBRE Global Investment Partners, part of one of the world’s premier, full-service commercial real estate services and investment companies, on the setting up of a new Dutch real estate fund called "Dutch Student and Young Professional Housing Fund". The Fund is formed as a Dutch fund for joint account (fonds voor gemene rekening) and will invest in properties that have been developed for the primary purpose of housing students and young professionals.

Publications

Oscar van Angeren

Key Contact

London
Advocaat | Partner
+44 207 422 50 41
+31 6 5354 1635
Daan Horsthuis

Key Contact

Amsterdam
Advocaat | Counsel
+31 20 605 69 96
+31 6 4298 7385