Brunswick Real Estate broke new ground when it in 2013 started a real estate debt fund focused on secured financing of commercial real estate in the Nordics. Historically, the availability of financing to borrowers has been volatile and dependent on the appetite of a handful of banks and alternative funding, such as unsecured bonds, primarily been available to listed companies. Our aim to offer alternative solutions has so far resulted in two credit financing funds, focused on secured financing of commercial real estate in the Nordic region.
Brunswick Real Estate Capital I is the first senior debt fund to target real estate in the Nordics and its investors include multiple well-renowned institutions. Its final closing was held in March 2015. The debt fund was established to meet the clear demand for a greater range of funding options in the Swedish real estate market.
Brunswick Real Estate Capital II is an unleveraged debt fund providing financing for real estate in Sweden, mainly in the size of SEK 400 to 1,000 million per loan with maturities of up to ten years. Main investors are Nordic institutional investors including, among others, Norway’s largest life insurer Kommunal Landspensjonskasse (KLP), Swedish PRI Pensionsgaranti and Folksam.
We currently have over SEK 10 billion under management. The funds are senior debt investment funds in the form of specialised investment funds (FCP-SIF), regulated in Luxembourg. The management team has extensive experience of the real estate industry, asset management and loan origination.