Stockholm (HedgeNordic) – Tessin, a Swedish digital investment platform for real estate financing, has agreed to double its stake in alternative asset manager Alfakraft Fonder by acquiring an additional 20 percent ownership. Pending regulatory approval, Tessin will hold a 40 percent stake in Alfakraft Fonder, solidifying its access to an institutional investor audience.
“By increasing our holding in Alfakraft, we ensure access to additional institutional capital, which is strategically important for us,” says Tessin’s CEO, Heidi Wik. “During the year, we strengthened our position as a lender to the property industry both through our acquisition of shares in Alfakraft and our agreement with Pollen Street Capital,” adds Wik. “We intend to continue on the path taken and further increase our access to capital through strategic agreements.”
“By increasing our holding in Alfakraft, we ensure access to additional institutional capital, which is strategically important for us.”
Tessin’s CEO, Heidi Wik.
Tessin and Alfakraft first partnered in 2021 to launch Fastighetsräntefonden, an open-ended, senior secured direct lending fund providing short-term financing for real estate projects. Building on this collaboration, Alfakraft plans to launch the Nordic Bridge Fund (SICAV Part II), a Luxembourg-based vehicle designed for both institutional investors and private individuals to invest in secured real estate loans. The new fund is set to open in the first quarter of 2025.
“Increasing our ownership in Alfakraft represents another step towards our goal of becoming a profitable growth company,” adds Heidi Wik. “There is a large and continuously increasing demand for real estate loans, which we can meet better with more and larger loans thanks to the fund and greater access to institutional capital,” she emphasizes. “The fund means that we can also provide better offers to our private investors.”
As a manager of alternative funds, Alfakraft houses several funds under its umbrella, including the hedge funds Brobacke Global Allokering and most recently Xcent Multi-Strategy. While hosted on Alfakraft’s platform, these hedge funds are operated independently by external portfolio managers.
