Proventus has established Proventus Capital Partners II – a co-investment vehicle focusing on corporate loans and corporate bonds. In addition to providing new financing directly to corporate borrowers, Proventus Capital Partners II may invest in the secondary market for loans and bonds. The ambition is to contribute with financing to Nordic companies in need of capital for growth, acquisitions, restructuring or refinancing.
Proventus Capital Partners II is funded by equity from Proventus AB, the parent company, and through debentures issued to external investors. The debentures will be listed and are fully transferable. The co-investment vehicle Proventus Capital Partners I was established in 2009 with assets under management of approximately SEK 2 billion. Proventus Capital Partners II has assets under management of SEK 5.2 billion, with Proventus AB as the largest investor and with other major investors in Proventus Capital Partners I returning, including the Fourth AP Fund, Folksam, Länsförsäkringar Liv, SEB Pension Foundation, Vattenfall’s Pension Foundation and the Swedish Foundation for Strategic Research. Major new investors include SPP, Ericsson’s Pension Foundation, Electrolux Pension Foundation and the Nobel Foundation.
Proventus was advised by Mannheimer Swartling. André Andersson was responsible for the matter, assisted by Mikael Lindgren.