- Advertisement -

Related

First Step in Green Financing

- 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

AI Isn’t the Transformation. Your Hedge Fund Operating Model Is.

By Ashish Shrestha, Senior Solutions Consultant at MAIA Technology: Artificial intelligence is moving quickly from experimentation towards implementation across the hedge fund industry. For...

Volt Diversified Alpha Posts Second-Best Month

Volt Diversified Alpha Fund delivered an estimated 5.8 percent gain in August, its second-best monthly performance since launching in early 2017, as its systematic...

The Lifecycle of a Trade: Where Nordic Managers Win or Lose Their Edge

Placing the trade is the easy part, but it is only as good as everything around it. The edge is rarely won at the...

Diversification is Easy to Buy, Hard to Get: The Liquid Alternatives Test

By Luc Dumontier, CIO Global Asset Management, iM Global Partner: Rarely have global portfolios carried such concentrated exposure to a single bet. US equities...

Unlocking a Third Active Lever

By Steven Braun at Newfound Research and Return Stacked® Portfolio Solutions: Long-only active management traditionally has two levers for generating excess returns. The first...

Active and Alternative ETFs Gain Ground as Market Splits Between Cost and Value

The ETF market is entering a new phase in which growth is increasingly concentrated at opposite ends of the cost spectrum. While ultra-low-cost passive...

Allocator Interviews

In-Depth: Diversification

- Advertisement -

Voices

Request for Proposal

- Advertisement -