Nordic Group targets the evolution of the loan market with a private debt fund
Nordic investment firm Evli has expanded its capabilities in the private market with the launch of Evli Private Debt Fund I.
Evli, headquartered in Finland, said the launch was in line with increased demand for private finance, driven by growing demand for debt capital, combined with the declining role of banks.
The new limited partnership product will invest in target funds with stylistically different investment strategies and will focus on Europe and North America.
Ville Toivakainen, leader of the new fund, said: “ Private debt funds are helping to meet the growing demand for debt financing from businesses, especially businesses that do not have natural access to large markets. financial due, for example, to the size of the company ”.
Toivakainen said the strategy will aim to take advantage of variations in the loan market, which can change hundreds of times over the life of a business.
“Debt financing is therefore much more complex and diversified than investing in equities, which offers investors an attractive and diversified complement to their overall portfolio.
The Evli fund, which raised € 59 million from national investors during the first closing on May 14, 2021, is suitable for a limited number of retail clients with a diversified long-term investment horizon. All investors are required to inject a minimum of € 100,000.
Evli said the fund is ESG-compliant and will be part of its wider range of alternative investment products, which includes real estate, unlisted stocks, private debt, infrastructure and forestry, which are managed by nine funds.
Evli’s alternative investment portfolio management team consists of more than 20 investment professionals, and the total assets under management of funds is approximately € 1.2 billion in the first quarter of 2021. .