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Fundraising - SEPTEMBER 1, 2020

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Brunswick Real Estate launches third senior debt fund

by Kali Persall

Brunswick Real Estate is marketing its third senior debt fund, focused on lending to commercial property with clear sustainability goals.

Known as Brunswick Real Estate Capital III (BREC III), the fund launched with SEK 12 billion ($1.4 billion) in commitments from investors. Brunswick said the investor base includes some of the largest Nordic institutional investors, some of which committed to Brunswick’s previous funds. Brunswick disclosed that investors include Kommunal Landspensjonskasse, Norway’s largest life insurer, and Swedish insurance and pension savings company Folksam Group.

Brunswick said BREC III will be an unleveraged debt fund offering financing of commercial property in growth regions and will offer sustainable real estate debt funding with maturities of up to 10 years.

The fund is expected to hold a formal first close in fall 2020.

“We are very proud of the continued confidence shown by our investors, especially given the current c

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