News & Knowledge

2019, 08 August

Private Markets Investor Letter

At the end of the second quarter, our participants have committed a total of EUR 98.7 million in capital to the Kempen Private Markets Fund. We have committed almost the same amount to ten partnerships and two direct co-investments – a well-diversified portfolio. In this quarter we allocated additional capital to three current investments in the portfolio, so that the allocations to the various categories are more in line with the target weights. We also saw a lot of activity at the underlying partnerships level and we are very satisfied with the build-up of the portfolio. All investments are focused on good value-creation strategies. We will elaborate on all of these topics in this quarterly report.

2019, 25 July

Investing with a purpose

In this quarterly newsletter, we take a closer look at the world of responsible and sustainable investment. At Kempen Capital Management N.V. (hereafter Kempen), Environmental Social Governance (ESG) factors are fully integrated throughout our investment process, and for us responsible investment means being good stewards of the companies that we invest in. We encourage positive change through engagement with the management of our investee companies and through actively using our shareholder voting rights.

2019, 23 July

Kempen European Private Equity Fund acquires an interest in high-precision sheet metal processing company Wilvo Group.

Amsterdam, 23 July 2019. The Kempen European Private Equity Fund has acquired a significant direct interest in Wilvo Group B.V. (‘Wilvo Group’). Wilvo Group is a family business in the province of Brabant in the Netherlands that has evolved into a specialist in the processing of thin sheet metal and precision parts assembly.

2019, 17 July

Kempen European Private Equity Fund acquires a significant interest in Avion Group.

Amsterdam, 17 July 2019. The Kempen European Private Equity Fund has taken a significant interest in Avion Group B.V. (‘Avion’). Avion is a Dutch developer and manufacturer of high-tech full-motion flight simulators. The company serves an international customer base consisting of flight schools and airline companies.

2019, 17 July

Asset Allocation update July

If we group fundamental trends into three categories – the economy, corporate earnings and interest rates – we find that equity markets have generated two of these three trends. Equity markets were therefore able to climb, with the global index up by a further 7.5% since the end of May, driven by the prospect of more expansionary monetary policies.

2019, 16 July

It is not easy being green

Our clients are increasingly seeking green or ESG flavoured strategies. We fully support this quest even though as our friend Kermit the Frog once said: “It is not easy being green”.

2019, 11 July

Salomons' Judgement

Why don’t companies invest? Because they see no growth? Perhaps. Because the need is missing? That’s more likely. But also, because they’re not rewarded for it by investors.

2019, 10 July

Kempen (Lux) Global Small-cap Fund celebrates two milestones: € 500 million in 5 years

The Kempen (Lux) Global Small-Cap Fund has reached a five-year track record. The fund started in July 2014 with € 6 million assets under management. It has since grown into a fund with a size of more than € 500 million, this limit was exceeded last week. The average annual return of the fund over this period of time is 12.1% compared to 9.8% for the MSCI Small Cap Index *.

2019, 08 July

Kempen Capital Management to merge European small-cap funds

Kempen Capital Management N.V. (Kempen) today announced their decision to combine the Kempen (Lux) Sustainable European Small-cap Fund and the Kempen (Lux) European Small-cap Fund. The merger will take place on 10 September 2019. The Kempen (Lux) European Small-cap Fund will be incorporated into the Kempen (Lux) Sustainable European Small-cap Fund.

2019, 28 June

Salomons' Judgement

Everybody talks about a recession. Interest rates are looking for new record lows. It will be exciting. Keep a close eye on what companies and consumers do, rather than what they say.

2019, 18 June

Kempen European Private Equity Fund reaches over €120 million after second closing

Amsterdam, 18 June 2019. The private equity fund of Kempen Capital Management (Kempen), the Kempen European Private Equity Fund, has raised over €45 million in the second closing on 14 June 2019. Following the second closing, the fund has a fund size of more than €120 million.

2019, 17 June

Asset Allocation update June

In the wake of a correction in May in which the prices of equities from industrialised countries lost over 5% and emerging market equities fell by nearly 10%, markets breathed a sigh of relief at the start of June. The growing willingness of the US central bank to cut interest rates helped the equity markets regain their footing, while the deal the US agreed with Mexico to tackle the refugee crisis, prompting the US not to impose higher import tariffs after all, also improved sentiment on the equity markets.

2019, 13 June

Salomons' Judgement

Is ‘elephant man’ Branko Milanovic right? Is too much inequality disastrous for democracy and does it create an static upper class?

2019, 23 July

Kempen European Private Equity Fund acquires an interest in high-precision sheet metal processing company Wilvo Group.

2019, 17 July

Kempen European Private Equity Fund acquires a significant interest in Avion Group.

2019, 18 June

Kempen European Private Equity Fund reaches over €120 million after second closing

2019, 06 June

Phishing: how to recognize it?

In the past few months, cyber criminals have been very active sending out phishing emails and text messages to clients of banks and financial institutions. As far as we know, they have not targeted any clients of Kempen. Nevertheless, we would like to inform you about how you can prevent cyber thieves from accessing your personal details and using them for fraudulent purposes.