With an established track record in direct lending, ARA Venn has developed and manages a number of innovative direct lending businesses
We operate client investment strategies in the Dutch and UK residential mortgage markets, investing in loans from specialist origination platforms that form part of our group.
Our strategies provide investors with dedicated access into these prime private debt markets, whilst delivering transparent and competitively priced mortgage products to customers.
With AUM and mandates in deployment in excess of €2 billion, our investment strategies are supported by a diversified and well established capital markets programme consisting of forward flow agreements, warehouse lines and a public bond programme (Cartesian) where over €1.5bn of rated notes have been placed across 5 transactions.
Commercial Real Estate
We have completed in excess of €2.8bn of new lending since inception in 2013 across the UK and Continental Europe.
We benefit from a diverse investor base across leading pension funds, insurers and financial institutions.
Our team has extensive lending experience in CRE markets, and invests in whole loans and junior loans across all asset classes including operating assets.
Affordable Homes Guarantee Scheme
In October 2020, following a competitive public procurement tender process, ARA Venn was appointed by UK Government to manage a £3 billion Affordable Homes Guarantee Scheme.
ARA Venn is responsible for establishing and managing the scheme, including the origination, underwriting and on-going management of the loans and developing and managing a government guaranteed bond programme to efficiently fund them.
The scheme is available to finance social rent, affordable rent and shared ownership housing, in accordance with the Scheme rules, to accelerate investment by registered providers in England. This new investment will increase the supply of such critical housing.
Private Rented Sector Guarantee Scheme
In December 2014, and following a public procurement tender process, we were mandated as the delivery partner by the UK’s Department for Communities and Local Government (now the Ministry for Housing, Communities and Local Government) in respect of its £3.5bn Private Rented Sector Guarantee Scheme.
Under this mandate, we are responsible for the origination, underwriting, and on-going management of the loans within the scheme.
Loans will be secured by purpose-built and professionally managed private rented developments, which are commenced after June 2013.
Funding for these loans is provided by a government guaranteed bond issuance programme established and managed by ARA Venn.
We have developed a proprietary online platform (VeRA) for the management, analysis and valuation of asset backed finance to underpin our investment offering, whilst also making this technology available to third party credit managers.
Among other clients, VeRA has been used by UK Asset Resolution (UKAR), owned by HM Treasury:
“UKAR has been pleased to work with Venn Partners on our £2+bn ABS portfolio over a 5 year period whilst we wound it down to ensure we maximised value for the UK taxpayer. Venn supported us in developing a clear framework for making portfolio management decisions and their team, using their VeRA platform, provided insightful on-going valuation, risk reporting and recommendations on each bond, across a range of asset classes. Venn has been a trusted long term partner in helping us achieve our mission.”Ian Hares, CEO, UK Asset Resolution
As well as our core lending markets, focused on commercial and residential real estate, we have credit experience across a variety of ABS types, including RMBS, CMBS and CLOs.