Värde Partners has led a $1.7bn (£1.3bn) significant risk transfer (SRT) transaction with Klarna, a global digital bank and flexible payments provider.
The SRT is structured as a three-year agreement representing more than $40bn of lending in euro-denominated loans, according to Värde.
For Klarna, the deal frees up capital and supports its growth, the global investment firm said. Klarna has more than 118 million global users and operates an AI-powered payments and commerce network.
Read more: Värde fuels YouLend US expansion with up to $225m facility
“We are proud to put our expertise in both consumer assets and SRT transactions to work as a trusted partner to Klarna,” said Missy Dolski, global head of asset-based finance at Värde Partners. “This transaction demonstrates our commitment to partnering with leading financial institutions on innovative, structured capital solutions that support their growth.”
Read more: Värde announces promotion and new hire in asset-based finance division
Värde Partners is an investment firm specialising in credit and credit-related assets. The firm has deployed $13bn since 2008 and manages $16bn in assets.
Read more: Värde promotes Shannon Gallagher and Tony Iannazzo to partner
