Samsung Life Insurance Co., Ltd., Samsung Asset Management Co., Ltd and Natixis S.A. have signed a cooperation agreement to co-invest in infrastructure and aviation debt originated by Natixis.

Under the terms of the agreement, signed on Tuesday 19th April 2016, the two Samsung Group entities target to invest USD 500 million over five years into this asset class. Samsung Life will invest on its own behalf, while Samsung Asset Management will place the loans among other Korean institutional investors.

This is the sixth such agreement signed by Natixis with institutional investors across Europe and Asia, as part of the bank’s pioneering model to open the infrastructure and aviation debt asset class to non-bank financial institutions on a large scale. It demonstrates the increasing financing disintermediation.

Clifford Chance advised Natixis S.A. with Jonathan Lewis (partner), Julien Rocherieux (counsel) and Antoine Périat (lawyer).