Folksam strikes its single largest investment in new real estate debt fund

Swedish pension fund Folksam has invested around EUR 1bn in a new fund which focuses on real estate debt. The fund will focus on lending to commercial property with clear sustainability goals.

Folksam Group Deputy CEO and Head of Asset Management and Sustainability, Michael Kjeller

The real estate debt fund Brunswich Real Estate Capital III (BREC III) has received an investment of around SEK 10bn (EUR 0.97bn) from four pension funds belonging to Swedish Folksam.

This is the largest ever single investment for the Folksam group. The Swedish pension and insurance company has previously invested SEK 3bn (EUR 290m) in the fund's predecessor BREC II. Like the previous fund, the third senior debt fund will be an unleveraged debt fund offering financing of commercial property in growth regions.

Read the whole article

Get 14 days free access.
No credit card required.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Further reading

Latest news


Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch