- Advertisement -
- Advertisement -

Related

First Step in Green Financing

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – Stockholm-based direct lending fund Scandinavian Credit Fund is making its foray into green financing after signing a direct loan with Danish real estate developer Birch Ejendomme. The loan constitutes project financing for the construction of energy-friendly residential rental properties in Jutland in Denmark and matures in four years.

Commenting on the deal, Peder Broms (pictured), Head of Origination at Scandinavian Credit Fund (SCF), says that “we are very pleased to be able to participate in the financing of numerous real estate projects in regions with good growth prospects.” Most properties included in the transaction had been sold even before receiving funding from SCF, which minimizes the risks associated with the loan.

Before 2017, Birch Ejendomme mostly developed residential rental properties in Jutland for their own book, but the company has sold about 20 projects to institutional investors such as Niam, PFA, Koncenton and Crescendo since then. The ongoing project financed by Scandinavian Credit Fund includes properties that are more environmentally friendly. The direct lending fund had SEK 4.1 billion in loans outstanding at the end of November.

Subscribe to HedgeBrev, HedgeNordic’s weekly newsletter, and never miss the latest news!

Our newsletter is sent once a week, every Friday.

Eugeniu Guzun
Eugeniu Guzun
Eugeniu Guzun serves as a data analyst responsible for maintaining and gatekeeping the Nordic Hedge Index, and as a journalist covering the Nordic hedge fund industry for HedgeNordic. Eugeniu completed his Master’s degree at the Stockholm School of Economics in 2018. Write to Eugeniu Guzun at eugene@hedgenordic.com

Latest Articles

Zetterquist Leads Antiloop’s Reset as Cygnus and Atlas Gain Momentum

After helping build and later steer the operations of fund boutique Norron, first as COO and then as CEO, Alexander Zetterquist is embarking on...

From Running Laps to Running Capital: Ex-Taiga Analyst at DNB

After nine years as an analyst at equity long/short hedge fund Taiga Fund, Øystein Kvaerner has joined DNB Asset Management to launch a new...

Nordic Hedge Funds Wrap Up Strong Third Quarter

Nordic hedge funds continued their strong run of performance since May, advancing an additional 1.7 percent on average in September – the industry’s second-best...

DNB’s Stable Alpha Goes DACH

DNB Asset Management has managed its in-house multi-manager, multi-strategy fund platform since early 2020. After a period of muted performance in its early years,...

Opportunities Lie Beneath Aggregate Credit Spreads

Credit spreads across the United States and Europe have tightened to historically low levels, leaving limited reward for simply holding long credit positions. This...

European Alternative Investments Conference 2025

More than 200 practitioners, academics and thought leaders met in Copenhagen for the second European Alternative Investments Conference, hosted by Finansforeningen, CFA Society Denmark...

Allocator Interviews

In-Depth: High Yield

Voices

Request for Proposal

- Advertisement -
HedgeNordic
Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.