- Advertisement -
- Advertisement -

Related

Norselab Ventures Into Real Estate High Yield

Latest Report

- Advertisement -

Stockholm (HedgeNordic) – In the midst of promising opportunities within the Nordic real estate market, Norwegian investment house Norselab is launching a high-yield fund structured as an alternative investment fund to invest in Nordic real estate. Norselab Real Estate Credit Opportunities, set to debut on November 20, marks the second credit fund under the Norselab Group umbrella.

“Nordic real estate is under tough pressure. With high inflation, rising interest rates, and poor macro factors, now is excellent timing for high-yield credit,” says Tom Hestnes, Managing Director of Norselab’s credit arm. Hestnes will co-manage the fund alongside senior portfolio manager Ole Einar Stokstad, formerly Head of Credit Research at DNB Markets for over 15 years. 

“Nordic real estate is under tough pressure. With high inflation, rising interest rates, and poor macro factors, now is excellent timing for high-yield credit.”

The upcoming launch comes a year after Norselab launched its first credit-focused fund dedicated to impact investing, Norselab Meaninful Impact High Yield. For the new real estate credit fund, Hestnes and his team are combining their credit expertise with the sector-specific know-how of real estate entities K2A and Compactor. “We will pool knowledge, networks, analysis, and execution to enhance our decision-making,” says Hestnes.

Structured as an alternative investment fund, Norselab Real Estate Credit Opportunities will maintain high concentration and will leverage the team’s extensive experience with distressed situations. Known for his activist mindset, Hestnes anticipates leading several restructurings on behalf of bondholders while also integrating sustainability considerations and opportunities into the investment strategy. “Our goal is to have distressed companies make the right choices, and secure optimal solutions for the bondholders,” states Hestnes.

“With this new fund, we will make our mark in the Nordic real estate corporate bonds universe over the next 3-5 years,” envisions Hestnes. The market has already shown interest in the product, with the fund launching with nearly NOK 550 million under management and an asset management cap set at NOK 1.5 billion.

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

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...

Playing ‘Moneyball’ for Investors

Having managed the opportunistic hedge fund Pensum Global Opportunities under the Pensum Asset Management umbrella since 2022, Sector co-founder Peter Andersland has now established...

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.