Swedish institutions pile into new credit fund

Credit financing firm P Capital Partners will continue fund raising during the fall but can start issuing loans after making a "first close" with EUR 550m in the bag.

Daniel Sachs, CEO of Proventus | Photo: Proventus

Swedish firm P Capital Partners (PCP) has received EUR 550m (SEK 6bn) for a new sustainability-focused credit fund. PCP is a non-bank provider of credit funding to businesses in need of capital for either growth or restructuring.

The new fund, PCP Transition, aims to finance companies in Europe that either have, or are transitioning to, sustainable business models. It will also finance businesses that enable this transition for other companies, according to an official statement.

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