Delta Lloyd Quits Private Equity Management on Capital Demands
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Delta Lloyd NV, the biggest Dutch provider of group life insurance, will stop managing private-equity investments as stricter regulatory capital demands attached to the holdings outweigh their returns.
Delta Lloyd’s investment company, Cyrte Investments BV, will be split in two units, the Amsterdam-based company said today in a statement. The insurer will become the full owner of publicly traded equity funds investing in technology, media and telecommunications stocks. F.J. Botman Holding BV, which held 15 percent of Cyrte, will become owner of Dasym Investment Strategies BV, managing private-equity investments, according to the statement.