Bentall Kennedy and GreenOak Close Merger

LONDON – The merger between Tetragon Financial Group Limited’s GreenOak Real Estate and Sun Life Financial Inc.’s North American real estate and property management firm, Bentall Kennedy has closed. The combined firms are now called BentallGreenOak.

BentallGreenOak will offer investment, asset management and real estate operation solutions to clients and investors, across private and public fixed incomes, as well as real estate equity and debt strategies. BentallGreenOak’s investment platform serves more than 750 institutional clients with $46 billion in assets under management. The new venture has 22 worldwide offices, with head offices in New York, Toronto, London and Tokyo. TFG Asset Management, Tetragon’s diversified alternative asset management business, will be represented on BentallGreenOak’s Board of Directors.

Tetragon first partnered with GreenOak nearly a decade ago at the firm’s founding, to provide its co-founders with working capital, co-investment capital and operating infrastructure.

Tetragon Financial Group is a close-ended investment company that invests in a range of assets from bank loans and equities to convertible bonds to infrastructure. Through TFG Asset Management, Tetragon seeks to own all, or a portion, of asset management companies with an objective to generate distributable income.

Sun Life Financial Inc. is an international financial services organization that provides insurance, wealth and asset management solutions to individual and corporate clients with worldwide operations and $1,011 billion total in assets under management.