SEB’s Asset Management arm has launched a new private debt fund with Danish credit management firm Capital Four.
The fund will initially only be open to professional investors, but will open up to non-professional investors in the private banking segment later this year.
Read more: Janus Henderson Investors launches MBS ETF in Europe
SEB said the launch will enhance its alternative investment platform and open opportunities in the growing private debt market, which aligns with its strategic goal of expanding in the wealth and asset management market.
The fund will focus on Northern Europe, where both SEB and Capital Four already have a strong presence.
It will issue high-yielding loans with low credit loss risk to mid-sized companies, and the loans will be among the first in line to be repaid in case of bankruptcy or loan restructuring.
Read more: Australian RE investment manager launches private credit fund
Investors will be able to invest and divest quarterly.
“We have identified an untapped opportunity in the market and are excited to partner with Capital Four to expand our alternatives platform,” said Stefan Martyris, head of alternatives product strategy and development at SEB Asset Management.
Read more: Capital Four private debt fund reaches hard cap of €3bn
