Kinnerton Credit Management raises €130m

The Danish investment firm holds initial close of second residential debt fund.

Kinnerton Credit Management has raised just under €130 million at the first close of its Kinnerton Residential Development II (RD II) fund, which has a final target of €200 million – which the firm aims to reach in the first quarter of 2019.

RD II will invest in between 50 and 80 loan facilities for the development of middle-income homes in and around growth cities in Denmark and, for first time, also in Southern Sweden. The facilities typically have a maturity of 16-18 months and the fund has a four-year investment period.