Proventus Capital Partners finalises second round of funding

November 23, 2009

Proventus Capital Partners, a co-investment vehicle focused on private corporate loans and public corporate bonds, has raised approximately EUR 80 million in a second round of funding from over 20 investors and has a total capital of about EUR 220 million.

Proventus Capital Partners offers financing to Nordic companies in need of capital for expansion, acquisitions, restructuring and refinancing as well as investments in public high-yield bonds.

In early September 2009 Proventus, the Fourth Swedish National Pension Fund (AP4) and Folksam together invested approximately EUR 130 million in Proventus Capital Partners. During the autumn additional investors were invited to participate, so that Proventus Capital Partners can better take advantage of current business opportunities. Interest has been great; over 20 external investors have now invested approximately an additional EUR 80 million, giving the investment vehicle total capital of about EUR 220 million.

Among the new investors are a number of institutions, companies and foundations, including Länsförsäkringar, SEB’s and Vattenfall’s pension funds, the Swedish Foundation for Strategic Research, Sophiahemmet, the Swedish Union of Tenants and the Einar Mattsson Group, as well as a number of qualified private investors.

– We are very pleased to have attracted a broad group of co-investors, which gives us a solid base to be active in this market. The market for public corporate bonds and private corporate loans is especially interesting considering the business sector’s extensive need for financing and restructuring in the years ahead. We see many opportunities, says Daniel Sachs, CEO of Proventus.