Brunswick Real Estate raises €640m

The Stockholm-based real estate investment manager closes second property debt fund.

Brunswick Real Estate has closed Brunswick Real Estate Capital II, focused on providing senior credit in the Swedish market, with SKr6.6 billion ($745 million; €640 million) raised.

Through the unlevered closed-ended vehicle, which the firm claims is the largest Nordic fund focused on real estate senior debt, Brunswick will make loans in the range of SKr400 million to SKr1 billion, with a term of up to 10 years.

Capital has been brought in from some of the Nordic region’s largest institutional investors, including Norway’s biggest life insurer Kommunal Landspensjonskasse (KLP), Swedish insurance and pension savings company Folksam Group and Sweden’s PRI Pensionsgaranti.