Proventus establishes vehicle for investments in corporate loans and bonds
Mannheimer Swartling has advised Proventus in connection with the establishment of Proventus Capital Partners – a co-investment vehicle focusing on corporate loans and corporate bonds. The investment strategy for this vehicle also allows direct loans to companies and the ambition is to contribute with financing to mid-sized companies in need of capital for growth or restructuring when these companies are unable to secure traditional bank financing.
Proventus Capital Partners is funded by equity from Proventus AB, the parent company, and through debentures issued to external investors. These debentures are structured as participation loans based on the underlying portfolio. The debentures will be listed on a regulated market and will be freely tradeable. The Fourth Swedish National Pension Fund (AP4) and Folksam were the first external investors in Proventus Capital Partners.
André Andersson was responsible for the matter and was assisted by Mikael Lindgren.