Castlelake, a global alternative investment manager specializing in asset-based private credit investments, has forged a new joint venture agreement with Samhällsbyggnadsbolaget i Norden AB (SBB), a social infrastructure property company in the Nordic region.
Castlelake will provide €489 million ($529 million) of financing to SBB to help the company recapitalize a portfolio of 92 social infrastructure assets across Sweden, which had an estimated market value of SEK 9.7 billion ($912 million), as of March 31.
“We are pleased to build on our existing relationship with SBB and provide a new financing solution to help it continue optimizing its asset portfolios and balance sheet,” said Eduardo D’Alessandro, partner, global real assets, at Castlelake. “The transaction is another example of Castlelake’s relationship-oriented approach and the asset-based private credit solutions that it offers to institutional borrowers in Europe.”
This joint venture fol
