- Advertisement -
- Advertisement -

Related

Mangold Takes Another Bite of Kreditfonden

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – After increasing its stake in Skandinaviska Kreditfonden (SKF) from 20 percent to about 25 percent in 2016, Mangold AB upped its ownership stake in the Stockholm-based asset manager by an additional three percent to 27.5 percent.

According to an announcement on Friday by Per-Anders Tammerlöv (pictured), “Mangold has today entered into an agreement to acquire an additional 3.0 percent of the shares in Skandinaviska Kreditfonden AB for a cash consideration of approximately SEK 2.3 million.” Mangold acquires the 3.0 percent-stake from a previous shareholder who decided to sell the stake in Skandinaviska Kreditfonden. Prior to the agreement, Mangold owned a stake of 24.5 percent in SKF.

Skandinaviska Kreditfonden has become a significant player in the market for direct loans to Nordic companies since launching its first direct lending fund, Scandinavian Credit Fund I, in 2016. Scandinavian Credit Fund I provides senior secured loans with maturities between three and 48 months to small and mid-sized companies in Scandinavia. SKF has launched a second fund, called Nordic Factoring Fund, that focuses on the Nordic market for factoring loans.

Mangold owns stakes in two other Nordic alternative asset managers, QQM Fund Management and Resscapital. Last year, Mangold acquired a 25 percent-stake in QQM Fund Management, which runs systematic market-neutral fund QQM Equity Hedge. Resscapital manages Ress Life Investments, an alternative investment fund that invests in the secondary market for U.S. life insurance policies. Ress Life Investments was crowned as the “Best Nordic Hedge Fund Overall” and “Best Nordic Multi-Strategy Hedge Fund” at this year’s edition of the Nordic Hedge Award.

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.