- Advertisement -
- Advertisement -

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

First Non-Swedish Family Office Investment for Protean Small Cap

Stockholm (HedgeNordic) – About one year after the successful launch of their long/short equity fund Protean Select, Pontus Dackmo and Carl Gustafsson introduced a...

Atlant Högräntefond Leads Peers on Third Anniversary

Stockholm (HedgeNordic) – Around mid-March 2021, Swedish hedge fund boutique Atlant Fonder launched a UCITS-structured fixed-income fund investing in Nordic corporate bonds, drawing from...

Rhenman Welcomes Brummer & Partners Sales Veteran

Stockholm (HedgeNordic) – After close to 18 years as an institutional sales professional at Brummer & Partners, Tom Josephson is set to join healthcare-focused...

Untapped Potential in Symmetry’s Small-Cap Portfolio

Stockholm (HedgeNordic) – Small-cap-focused hedge fund Symmetry Invest has achieved an annualized return of around 20 percent over the past five years and over...

Navigating Asia-Pacific’s Transition to Sustainable Growth

Stockholm (HedgeNordic) – Emerging markets in the Asia-Pacific region, such as China, India, Indonesia, the Philippines, Thailand and Vietnam, have experienced significant economic expansion...

The Performance of US Equities in Election Years Over the Last Century

By Daniel Ung, Kartik Chawla, and Jędrzej Miklaszewski – SPDR: The 2024 US presidential election is on the horizon, and investors are keen to...

Allocator Interviews

Latest Articles

In-Depth: Emerging Markets

Voices

Request for Proposal

- Advertisement -