Mandatum Life has first closing on private debt vehicle in uncharted territory

Interest in private debt has skyrocketed over the past few years, but how some managers will fare in wake of the corona crisis and its aftermath is still an open question. Even though the asset class isn't immune to recession, private debt is still attractive in the current environment, according to an investment trio from the Finnish life insurer.

(left-right) Jussi Tanninen, head of alternatives, Claes Siegfrids, head of institutional clients and Alexander Gallotti, head of loan strategy | Photo: PR / Mandatum Life

Institutional investors have increasingly turned to private debt since the Global Financial Crisis (GFC) and the asset class has grown to become the third-largest asset class in private capital, ahead of infrastructure and natural resources, according to data provider Preqin.

One of the investment providers that has experienced growing demand for private debt is Mandatum Life. The Finnish life insurer has now held first closing on its Private Debt IV investment basket which raised commitments worth EUR 84 million. This is more than was raised by the first closing of Mandatum Life Private Debt III.

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