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Brunswick Real Estate secures $1.4bn for third debt fund

Wednesday, September 02, 2020

Laxman Pai, Opalesque Asia:

Sweden's Brunswick Real Estate has launched a third senior debt fund with commitments of SEK12bn ($1.4 billion) to target sustainable properties.

The Stockholm-based asset manager has secured commitments for Brunswick Real Estate Capital Fund III from backers including Swedish insurer Folksam and Norwegian pension company KLP.

Among the investors are some of the largest Nordic institutional investors, including investors in Brunswick's previous funds. Swedish pensions and insurance firm Folksam and Norwegian municipal pensions provider KLP are among investors to have committed the Nordic debt fund.

The new fund will focus on lending to the commercial property with clear sustainability goals, said a press release from the investment adviser with assets under management to SEK 10 billion.

"We are very proud of the continued confidence shown by our investors, especially given the current circumstances in the market in the wake of Covid-19. Our business model of senior secured and long-term financing is becoming more important for the property sector as an alternative to traditional bank loans and bonds with shorter maturities," said Pontus Sundin, CEO Brunswick Real Estate Capital.

Through the second fund, Brunswick has already been able to offer certified green loans. The third fund will have an even clearer focus on sustainable property investments.

"We are committed to ensuring our investors contribute to a measurably positive......................

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