- Advertisement -
- Advertisement -

Related

Going from Strength to Strength

Report: Alternative Fixed Income

- Advertisement -

Stockholm (HedgeNordic) – Whereas some private debt managers are facing difficulties in raising capital amid the coronavirus pandemic, Mandatum Life’s private debt investment programme goes from strength to strength. The Mandatum Life Private Debt IV investment basket raised investment commitments worth €84 million, more than the first closing of Mandatum Life Private Debt III.

“We are pleased that our customers have shown interest in the alternative programmes, even in the current market situation,” says Claes Siegfrids (pictured), Vice President, Investment Solutions at Mandatum Life. “We believe that the markets offer opportunities to patient, agile investors, and that it makes sense to pursue alternative programmes over the cycles,” he adds. Mandatum Life’s private debt investment platform raised €1.1 billion in assets from Finland, Sweden and Denmark since the beginning of 2016.

The Finnish insurer’s private debt investment vehicles rely on a co-investment model that allows Finnish and other Nordic institutional clients such as pension funds, foundations, major companies and other professional investors to continuously invest in private debt. “Our private debt programme is also a concrete example of successful co-investing,” Siegfrids emphasises. “Co-investing opens doors for our customers by enabling larger investment volumes, more favourable terms and an overall smoother investment process.”

According to the Financial Times, several large pension funds in the United States are looking to pour capital into private credit to capitalise on opportunities stemming from the coronavirus pandemic. Mandatum Life sees opportunities across private credit markets as well. According to Jussi Tanninen, Director, Alternatives at Mandatum Life, “in private debt, the market environment has become much more interesting especially when it comes to opportunistic strategies, and the level of activity is high in that area.”

Mandatum Life’s own loan strategy of investing in corporate credit raised a total of €75 million in investment commitments in a new opportunistic loan strategy by the end of April. The investment focus of the new loan strategy is to predominantly invest in the European and Nordic credit market, focusing on senior secured leveraged loans. Investor activity in other alternative assets such as private equity and real estate has been relatively muted. “In other illiquid asset classes, such as private equity and real estate, the market price has yet to find its level and few transactions are being made,” concludes Tanninen.

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

Infrastructure’s Role in Europe’s Transformation

As Europe accelerates its transition toward a greener and more digital future, infrastructure investment has become a cornerstone of this transformation. However, a funding...

Capital Four Reaches Hard Cap for Fifth Private Debt Vintage

Copenhagen-based credit specialist Capital Four has reached the hard cap of €3 billion for its fifth private debt vintage, Private Debt V – Senior....

Othania Introduces UCITS Version of All-Weather Strategy

Danish boutique asset manager Othania has assumed management of the UCITS-structured fund ØU Invest Balance KL, which will be rebranded as Othania Stabil UCITS...

Hilbert Expands Asset Management Arm

Hilbert Group, which operates an asset management business specializing in hedge funds focused on digital assets, has completed the acquisition and integration of digital...

Elementa Reaches All-Time High on 10th Anniversary

Elementa, the long/short equity fund managed by Marcus Wahlberg, was named “Rookie of the Year” at the 2015 Nordic Hedge Award, recognizing it as...

Private Markets and Equity Exposure Top Priorities for Nordic Investors

Nuveen has published the results of its annual Global Institutional Investor Survey, revealing that 58 percent of the 40 surveyed Nordic investors plan to...

Allocator Interviews

In-Depth: Megatrends

Voices

Request for Proposal

- Advertisement -