Niam, the private equity real estate firm in Northern Europe, has acquired Nordic real estate investor Brunswick Real Estate’s debt business Brunswick Real Estate Capital.
The debt business, which has €2.5 billion (SEK 25 billion) in assets under management, will be led by CEO Pontus Sundin and will operate as an independent company under Niam Credit.
Brunswick Real Estate Capital, established in 2013, is a pioneer in the Nordic market for alternative credit solutions for the commercial real estate sector. To date, the company has launched three funds and currently manages assets of approximately €2.5 billion.
“Over the years, we have gradually diversified our fund portfolio with strategies covering different property segments and risk-profiles. In 2021 we launched an infrastructure platform focusing on sustainable investments in renewable energy, transport and telecom. Credit is a natural next step for us and complements our existing business. With the acquisition of Brunswick Real Estate Capital, we broaden our offering further and become an even more attractive partner for institutional investors”, said Jennifer Andersson, Managing Partner at Niam.
“Niam is one of Northern Europe’s largest fund managers within the real estate sector and has a strong track record and brand which gives us the right conditions to further develop our credit platform. Also, Niam, just like us, has a genuine focus on sustainable development in the real estate industry. Together, we can now satisfy the investors’ demand for credit funds and offer real estate players alternative and sustainable credit solutions”, said Pontus Sundin, CEO of Niam Credit.
