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Sign in Sign up for a FREE subscriptionBrunswick holds final close on Nordics senior debt fund
Brunswick Real Estate Capital, the credit arm of Brunswick Real Estate, has held a final close for its second senior debt fund in the Nordics, reaching more than SEK 6.6 billion ($718 million) of commitments, by far the largest Nordic fund focused on real estate senior debt.
Brunswick Real Estate Capital broke new ground in 2013 when it launched the first fund focused solely on Nordic real estate debt. Brunswick Real Estate Capital II is an unlevered closed-end real estate debt fund offering senior secured lending in Sweden.
Investors in the fund are Nordic institutional investors including, among others, existing investors Norway’s largest life insurer Kommunal Landspensjonskasse (KLP), Swedish insurance and pension savings company Folksam Group and Swedish PRI Pensionsgaranti.
The firm has also recruited Pontus Sundin from Helaba to its debt team. Pontus Sundin, with a real estate and credit background from Helaba, Nordea, GE Real Estate and Hypo Real Estate
