SEB’s Asset Administration arm has launched a brand new personal debt fund with Danish credit score administration agency Capital 4.
The fund will initially solely be open to skilled traders, however will speak in confidence to non-professional traders within the personal banking section later this 12 months.
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SEB mentioned the launch will improve its various funding platform and open alternatives within the rising personal debt market, which aligns with its strategic objective of increasing within the wealth and asset administration market.
The fund will deal with Northern Europe, the place each SEB and Capital 4 have already got a powerful presence.
It is going to problem high-yielding loans with low credit score loss threat to mid-sized corporations, and the loans might be among the many first in line to be repaid in case of chapter or mortgage restructuring.
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Traders will be capable to make investments and divest quarterly.
“Now we have recognized an untapped alternative out there and are excited to companion with Capital 4 to broaden our options platform,” mentioned Stefan Martyris, head of options product technique and growth at SEB Asset Administration.
Learn extra: Capital 4 personal debt fund reaches laborious cap of €3bn
