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Castlelake Invests in Swedish Specialty Lender

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Stockholm (HedgeNordic) – Global alternative investment manager Castlelake has made an investment of $150 million in Swedish specialty lender IMH. The investment includes the acquisition of IMH’s existing loans and a financing facility for the origination of new loans.

Swedish company IMH focuses on providing short-term financing of up to SEK 50 million to small and medium-sized real estate investors and developers, and bridge loans backed by real estate assets. IMH has provided lending of over SEK 1.3 billion in Sweden over its eight years of existence. Castlelake, which has extensive experience in specialty finance after having invested over $3 billion on acquisitions of commercial and industrial loans and financing or acquiring consumer receivable accounts, is partnering up with IMH to expand access to loans that support local residential real estate investment.

“IMH and its experienced management team are well-positioned to provide capital to a growing but underserved market, and we believe this investment can deliver value to our investors as well as IMH and its stakeholders.”

“Partnering with IMH is an exciting next step for Castlelake as we continue to expand our presence in Europe and the Nordic region,” says Philipp Braschel, Partner, European Real Assets at Castlelake. “IMH and its experienced management team are well-positioned to provide capital to a growing but underserved market, and we believe this investment can deliver value to our investors as well as IMH and its stakeholders.”

“IMH expects to benefit greatly from their deep expertise in both the specialty finance and real assets space, making them an ideal choice as we chart the next steps on our expansion journey.”

“Castlelake has been an incredible partner throughout this process, and IMH expects to benefit greatly from their deep expertise in both the specialty finance and real assets space, making them an ideal choice as we chart the next steps on our expansion journey,” comments Jonas Hägerbäck (pictured), the CEO of IMH.

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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

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