Proventus Capital Partners raises EUR 1.8bn in a new fund

Mannheimer Swartling has advised Proventus Capital Partners in connection with the structuring, fund raising and establishment of its fourth fund, Proventus Capital Partners IV. The two parallel fund vehicles are Swedish limited liability companies and all fund documents are governed by Swedish law. External capital is invested through participating debentures which are listed on NGM.

The fund was well received by the market and held its final closing in October 2019 at EUR 1.8bn, which significantly exceeds the size of previous Proventus Capital Partners funds. With more than 10 years’ experience, Proventus Capital Partners is one of the leading strategic financial providers in the Swedish market, advancing debt financing to primarily midcap corporations in northern Europe.

Proventus Capital Partners was advised by Mannheimer Swartling as to matters of Swedish law. Other advisors include Ropes & Gray, as to matters of U.K. and U.S. law.