Heimdal Nordic has introduced the Heimdal Credit Fund (HCF), a credit vehicle that focuses on providing loans to the professional real estate market in Denmark.
The regulated SFDR, Article 8 vehicle is billed as a low-risk product thatwill focus on financing residential, office, and logistics properties in Denmark, with an emphasis on senior and whole loans of at least DKK 100 mln (€13 mln).
PenSam, a central institutional investor in the Danish market, has committed up to DKK 3.5 bn (€480 mln) as the anchor investor, and Heimdal Nordic is in discussions with other pension funds for additional investments.
The establishment of HCF is driven by the increasing demand for alternative financing solutions in the real estate sector, and the appeal of direct lending secured by real assets for investors.
Jeppe Starup, head of private capital & real assets, at PenSam, said: 'This initiative reflects our ongoing focus on ensuring good, stable, and attractive returns for our members. Through this partnership, we are well-positioned to be part of well-founded, innovative financial solutions while strengthening our position in the real estate market.'
Peter Lilja, CEO of Heimdal Nordic, added: 'With this fund, we have a clear goal of expanding our position as a market leader in alternative financing solutions in the real estate market in Denmark— solutions that create value for both professional real estate investors and the fund's investors. In other words, the business model of the fund is simply to create solutions where the business models of both property investors and credit investors always go hand in hand.'
