A Swedish credit investor just opened a EUR 1.5 billion war chest

The CEO of Proventus Capital Management believes it is time to use capital stockpiles.

Daniel Sachs, CEO of Proventus | Photo: Proventus /PR

The chief executive of Swedish credit manager Proventus Capital Management AB says the time is ripe to invest the EUR 1.5 billion (USD 1.6 billion) stockpile of capital it’s built as mid-sized companies in Europe cry out for financing.

“In the private credit market we are beginning to see quite a few situations,” CEO Daniel Sachs said in an interview. “We expect quite a strong deal flow in the coming months and are already starting to see that materialize.”

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