Brunswick Real Estate Capital II has held a first close on €267 million. The firm’s second Nordic real estate debt fund, which is targeting €800 million in total, offers senior secured lending in Sweden.
Capital committed to the vehicle came primarily from investors based in Sweden, including PRI Pensionsgaranti and Folksam. Norwegian insurance company Kommunal Landspensjonskasse (KLP) was also among investors in the fundraise.
Nordic Real Estate Capital held a final close in March 2015 and is now fully invested.