Altaal and Nordic Credit Partners form investment company
Altaal and Nordic Credit Partners are joining forces to establish a Nordic investment company focused on alternative assets. Together, the group manages six billion Swedish kronor across real estate, infrastructure, and credits, distributed over six investment strategies, with a team of about 20 employees across offices in Stockholm and London.
Founded in 2020 by Erik Penser among others, Altaal has pursued a value-driven agenda with an operational focus, investing in real estate and infrastructure. Nordic Credit Partners, established in 2013, has consistently concentrated on investments in sustainable, Nordic corporate credits.
The investment activities are led by founders Jakob Eliasson, Stefan Gattberg and Henrik Schmidt. The board, investment committee, and councils for industry and sustainability, consisting of around 40 senior advisors, play a key role in the company's systematic and well-proven investment process. The founders have worked together for many years, united in their view of value creation and active entrepreneurship.
"Since its inception, Altaal has operated in a turbulent market but has grown by an impressive 70% per year without compromising on quality and risk management. There are likely to be many interesting business opportunities ahead, and Altaal is well-prepared for this" says Erik Penser, co-founder of Altaal.
"We were pioneers when we started investing in Nordic corporate bonds in an institutional and systematic manner. As an integral part of the Altaal group, we gain the capacity to analyse investment opportunities regardless of their position in the capital structure, once again breaking new ground" says Jakob Eliasson, founder of NCP.
NCP's Luxembourg-based credit funds will continue to be managed by the same team as today, but within the framework of Altaal, the names Nordic Credit Partners and Nordic Credit Opportunities will be retained.
"We are in a unique position where we can now act on business situations in the real estate industry that arise in the wake of interest rate increases and financial stress" says Henrik Schmidt, co-founder of Altaal.
"The green transition currently happening across Nordic infrastructure and transportation requires capital, and it is very stimulating to be able to contribute to this transformation" says Stefan Gattberg, co-founder of Altaal.
About Altaal: Altaal is a value driven investment firm acting both as principal investor and asset manager. We structure, invest and provide external capital for green real estate, transition infrastructure and sustainable credit opportunities. Our investment style offers a unique and direct operational approach through our knowledge platforms and their niche strategies coupled with a bespoke ESG agenda.