Mandatum Asset Management Ltd, led by Mandatum Opportunistic Loan Strategy, has arranged a senior secured add-on loan of approximately €45 million to special investment fund Trevian Finland Properties I, bringing the total financing package to c. €135 million. The loan is secured by a well-diversified set of commercial real estate across Finland.
In addition to Sampo Group companies and Mandatum Opportunistic Loan Strategy as Lenders, a large Finnish institutional investor has participated in the new financing as a co-lender.
“We are delighted to have been able to source and put together this financing package on behalf of our investors and at the same time made it possible for Trevian to efficiently execute their growth strategy. We are also very happy for the trust our investors and our new co-lender has put in us throughout this process,” says Alexander Gallotti, Head of Loan Strategies at Mandatum Asset Management on behalf of the Arrangers.
“The additional financing enables us to continue our profitable growth and improve the return on our investors’ equity. Cooperation with the Arranger has been smooth and professional throughout the process,” says Emilia Riikonen, CEO & Partner, Trevian Funds AIFM Ltd, on behalf of the Borrower.
Krogerus Attorneys Ltd acted as advisor to the Arrangers and the Lenders. DLA Piper Finland Attorneys Ltd acted as advisor to the Borrower.
Additional information:
Alexander Gallotti, Head of Loan Strategies
Mandatum Asset Management Ltd
Tel. +358 10 516 8491
alexander.gallotti@mandatumlife.fi
Mandatum Asset Management Ltd (“MAM”) was formed by combining Sampo Group’s proprietary balance sheet, client assets, and the investment operations from Sampo Plc and Mandatum into a new asset management company. The merger process is still ongoing (spring 2021), and it is expected that MAM will be fully operational during H2/2021. By that time, MAM will manage around 24bn euros and employ 100 investment professionals. MAM belongs to Sampo Group and is a sister company to Mandatum Life Insurance Company Ltd.