Credit Linked Beheer

What Credit Linked Beheer does

Credit Linked Beheer B.V. (CLB) is a privately held Dutch fund management company founded in 2012 and headquartered in Baarn, Netherlands, operating as a subsidiary of holding company Finvast B.V. The company structures and manages eight non-listed residential real estate investment funds (CLB Woningfonds, Duurzaamwoningen Fonds, Ecowoningen Fonds, Groenwoningen Fonds, Huurwoningen Nederland Fonds I/II/III, and NOVA Woningfonds) that collectively hold over 3,300 energy-efficient rental homes (average energy label A+++) distributed across 100+ Dutch locations, with combined assets under management exceeding €1 billion and a >99% occupancy rate. CLB serves approximately 8,000 retail and business investors (particuliere and zakelijke beleggers) through direct sales, online subscription via the MijnCLBeheer self-service portal, and information meetings; tenants are families, starters, and essential workers paying monthly rent between €900 and €1,500.

The business model is asset-light fund management: CLB generates recurring revenue from management fees on AUM and benefits from rental income and capital gains generated within the funds, with quarterly dividend distributions to participants. Property operations are handled through Merel Vastgoedbeheer B.V., a sister subsidiary under Finvast B.V. The company holds an AFM license under article 2:65 Wft to manage collective investment institutions (AFM registration 15001176) and uses Apex Depository Services for AIFMD depositary functions. Recent activity includes the December 2025 acquisition of 137 apartments in the COUR new-build project in Maastricht from Ballast Nedam Development, an ongoing second emission of the CLB Woningfonds, and a fund portfolio revaluation with associated trading halt through end of July 2026.

The go-to-market is sales-led direct-to-consumer in the Netherlands only, combining content marketing (blog, newsletter, LinkedIn, Facebook), in-person information sessions, and a digital onboarding portal. Fund economics vary materially by vintage: the CLB Woningfonds targets a 7.3% average annual dividend with a 6.5-year term, while older funds like Huurwoningen Nederland Fonds II deliver 5.7% on €167M AUM. There is no disclosed AI/ML capability, no proprietary technology platform beyond the investor portal, and no venture capital backing; growth has been organic, funded through investor participation in successive fund vintages.

Name

Credit Linked Beheer

Legal name

Credit Linked Beheer B.V.

Website

https://clbeheer.nl

Company type

Private

Founded year

2012

Operating status

Operating

Headcount range

11–50 employees

Short description

Credit Linked Beheer is a Baarn-based Dutch fund manager founded in 2012 that structures and manages eight non-listed residential real estate funds with €1 billion+ AUM and 3,300+ energy-efficient rental homes, serving approximately 8,000 retail and business investors across the Netherlands under an AFM license.

Ownership category

akta.pro rank

Product category

Residential Real Estate Fund Management

NAICS

Funds, Trusts, and Other Financial Vehicles (525)

akta.pro primary industry

Real Assets — Real Estate Debt (Whole Loans, Mezzanine, CMBS/CLO) (FSAHAIAB)

Keywords

• Residential real estate funds
• Sustainable housing investment
• Property fund management
• Dutch rental housing funds
• Non-listed real estate funds

Headquarters

HQ city

Baarn

HQ country

Netherlands

HQ region

Europe

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Marketing or Sales, Infrastructure, Others

Revenue model

1. Fund Management Fees: CLB generates revenue through management fees charged on the funds under management. The company operates eight residential real estate investment funds with a combined value exceeding €1 billion.
2. Property Investment Returns: The funds generate returns through rental income from approximately 3,300+ sustainable homes and capital gains from property sales (uitponden strategy where vacant properties are sold to private buyers).

Pricing tiers

Go-to-market motion2 records

Distribution channels3 records

Marketing channels6 records

Core offering

Credit Linked Beheer (CLB) structures and manages eight non-listed Dutch residential real estate investment funds that invest in sustainable, energy-efficient rental housing (energy label A or better) for middle-income households. Investors subscribe to the funds, receive quarterly dividend payments from rental income and capital gains, and access their portfolio through the MijnCLBeheer online portal.

Product overview

Credit Linked Beheer operates as a fund management company managing eight non-listed Dutch residential housing funds: CLB Woningfonds (primary fund in second emission), Duurzaamwoningen Fonds, Ecowoningen Fonds, Groenwoningen Fonds, Huurwoningen Nederland Fonds, Huurwoningen Nederland Fonds II, Huurwoningen Nederland Fonds III, and NOVA Woningfonds. All funds focus on sustainable, energy-efficient rental housing (energy label A or better) for middle-income households including families, starters, and essential workers. Access for investors is provided through the MijnCLBeheer online portal. Founded in 2012, CLB manages approximately 3,300+ properties across 100+ locations in the Netherlands, with over €1 billion in assets under management and approximately 8,000 investors.

Differentiator

Problem solved

Functional benefit

Brands

• CLB Woningfonds: Investment fund focused on sustainable rental housing for middle-income households, with a second emission currently open.
• Duurzaamwoningen Fonds (DWF)
• Ecowoningen Fonds (EWF)
• Groenwoningen Fonds (GWF)
• Huurwoningen Nederland Fonds (HWF)
• Huurwoningen Nederland Fonds II (HWF2)
• Huurwoningen Nederland Fonds III (HWF3)
• NOVA Woningfonds

Products and services

• CLB Woningfonds Primary fund focused on sustainable rental housing with energy label A or better for middle-income households. Invests in new construction residential properties that are rented out, with freed-up units typically sold to private buyers (exit strategy). Minimum investment €5,000, expected average dividend 7.3% per year.
• Huurwoningen Nederland Fonds II Second fund in the Huurwoningen Nederland series, investing in new and young, sustainable, and highly energy-efficient rental homes and apartments in the Netherlands. €167 million in management with 454 homes in portfolio. Current trading price €5,250 with 5.7% dividend.
• Huurwoningen Nederland Fonds III Third fund in the series, investing in new and young properties and apartments in the Netherlands, primarily free-sector rental with high-quality finish. All properties have green energy labels and are gas-free. €81 million in management with 208 homes in operation and 51 in development.
• Huurwoningen Nederland Fonds First fund in the Huurwoningen Nederland series, focused on sustainable rental housing in the Netherlands.
• NOVA Woningfonds Fund investing in sustainable young and new-build rental homes in the Netherlands without mortgage financing. Focus on green energy labels with expected portfolio achieving A+++ or better. €10 million in management with 26 homes in operation.
• Duurzaamwoningen Fonds Fund focused on sustainable housing investments in the Netherlands.
• Ecowoningen Fonds Eco-focused housing fund investing in sustainable, energy-efficient rental properties.
• Groenwoningen Fonds Green housing fund focused on environmentally sustainable rental housing investments.
• MijnCLBeheer Portal Online customer portal providing 24/7 access to portfolio overview, dividend and annual reports, document downloads, and personal data management. Features two-factor authentication for security. Investors can subscribe to open funds, purchase participations in closed funds, and manage dividend preferences.

Named customers1 record

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Six partnerships are on record, tiered core and supporting.

• Ballast Nedam DevelopmentcoreOthers · 18 December 2025Ballast Nedam Development sold 137 apartments in the COUR project in Maastricht to CLB and Hinke Fongers Vastgoed. The transaction included 35 parking spaces and approximately 230 sqm of commercial space. Construction is planned to start in June 2026. Capital Value brokered the transaction on behalf of Ballast Nedam Development.
• Hinke Fongers VastgoedcoreStrategic or Co-development Partner · 18 December 2025Co-buyer with CLB of the COUR project in Maastricht (137 apartments). Both CLB and Hinke Fongers Vastgoed acquired apartments from Ballast Nedam Development's COUR development.
• Capital ValuesupportingGTM or Marketing Partner · 18 December 2025Real estate advisor that brokered the sale of the COUR project in Maastricht on behalf of Ballast Nedam Development. Capital Value is a specialist in the Dutch housing and healthcare real estate market, providing transaction, valuation, consulting, and research services.
• Merel Vastgoedbeheer B.V.coreOthersSubsidiary of Finvast B.V. that manages the properties of CLB's funds. Merel Vastgoedbeheer has its own privacy statement and manages day-to-day property operations including tenant relations and maintenance.
• Finvast B.V.coreOthersParent company of Credit Linked Beheer B.V. and Merel Vastgoedbeheer B.V. Finvast is based in Baarn (KvK 81784961) at the same address as CLB. Marketing consent for sharing participant data extends to Finvast products and services.
• Apex Depository ServicessupportingOthersAIFMD custodian/depository services provider for the NOVA Woningfonds, providing regulatory compliance and asset safekeeping services.

Scale indicators6 records

Recent moves7 records

Expansion highlights5 records

Direct peers

• Vesteda: Vesteda is the largest Dutch institutional investor in mid-rental residential real estate, with a multi-billion-euro portfolio directly comparable to CLB's €1B AUM strategy of pooled residential rental funds.
• Bouwinvest: Bouwinvest is a Dutch fund manager that invests institutional capital (notably pension funds) in Dutch residential and mixed-use real estate via pooled fund vehicles — directly analogous to CLB's closed-end residential fund model.
• ASR Real Estate (formerly Syntrus Achmea Real Estate): ASR Real Estate is a major Dutch residential and mixed-use real estate investment manager serving pension capital, running pooled residential portfolios with comparable tenant-segment and Dutch-market exposure.
• Amvest: Amvest is a Dutch residential real estate platform combining fund management, development and rentals; it runs pooled vehicles for both institutional and retail investors, overlapping with CLB on the mid-rental Dutch segment.
• Wooninvest: Wooninvest is a Dutch residential investor/asset manager operating pooled fund structures for Dutch mid-rental housing, providing a comparable Dutch-only vehicle model though capitalized by pension participants.

Regional players

• Grainger plc: Grainger is the UK's largest listed residential landlord and fund manager, operating a private-rental-and-fund-management model highly analogous to CLB but focused on the UK rather than the Netherlands.
• NewRiver REIT: NewRiver REIT invests in UK retail-led multi-let assets with a growing residential exposure via PRS fund management; comparable as a closed-end fund/REIT manager of long-duration rental housing capital pools.

Broad incumbents

• Patrizia: Patrizia is a European investment manager with pan-European real estate funds (including residential), offering overlapping fund-management capabilities at materially larger AUM scale than CLB.
• abrdn (formerly Aberdeen Standard / AM): abrdn operates a global real assets platform with dedicated European residential strategies, providing a scaled incumbent comparable in product (closed-end pooled residential funds) but with much broader product breadth.
• Catella: Catella is a European specialist in real estate investment management with fund vehicles across multiple European markets, comparable on the closed-end fund distribution model but operating well beyond the Dutch market.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights6 records

Customer concentration

• Facebookfacebook.com/CreditLinkedBeheerBV/?locale=nl_NL
• LinkedInnl.linkedin.com/company/creditlinkedbeheer

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Credit Linked Beheer