ASN Beleggingsinstellingen Beheer B.V.’s Umbrella Fund Split-Up

Osborne Clarke has advised ASN Beleggingsinstellingen Beheer B.V. on the split-up of a listed umbrella fund into listed UCITS and AIF umbrella funds.

ASN Beleggingsinstellingen Beheer B.V. (part of the Volksbank group) manages more than € 3.8 billion in assets divided among twelve listed SRI and impact funds.

Osborne Clarke in Amsterdam advised ASN Beleggingsinstellingen Beheer B.V. on a licence application to manage UCITS; and in the split-up of the listed ASN Beleggingsfondsen N.V. into a separate UCITS umbrella (ASN Beleggingsfondsen UCITS N.V.) and an AIF umbrella (ASN Beleggingsfondsen AIF N.V.). To further implement the partial transition to the UCITS regime, the Osborne Clarke in Amsterdam team also advised on the restructuring of a number of investment pools managed by ASN Beleggingsinstellingen Beheer B.V. The units of ASN Duurzaam Obligatiefonds, ASN Milieu & Waterfonds, ASN Duurzaam Aandelenfonds and ASN Duurzaam Small & Midcapfonds can now be offered relatively easily in other EU Member States.

The Osborne Clarke in Amsterdam team was led by Partner Johannes de Jong (Picture) and Associate Matthijs Leijendekker (Financial Regulatory) and consisted of Partner Cars-Jan van Gool and Associate Director Mechteld Flohil (Civil Law Notary) and Associate Florien Sanders (Corporate M&A).

Involved fees earner: Johannes de Jong – Osborne Clarke; Mechteld Flohil – Osborne Clarke; Matthijs Leijendekker – Osborne Clarke; Florien Sanders – Osborne Clarke; Cars-Jan van Gool – Osborne Clarke;

Law Firms: Osborne Clarke;

Clients: ASN Beleggingsinstellingen Beheer B.V.;