Pareto Alternative Investments AS (“PAI”) has successfully completed the first closing for a new strategy for providing sustainability linked financing to Nordic real estate

Pareto Real Estate Credit Fund (“PREC”) will target first lien commercial real estate financing opportunities across the Nordics (ex. Iceland) where borrowers are incentivised to improve the sustainability profile of the property and by doing so reduce risk on the investment and promote a more sustainable environment. PAI has raised a substantial amount of capital to PREC in the first closing from leading institutional investors.Morten Edvardsen, Head of Credit Investments at PAI commented: “We continue to see a large gap in the financing market for Nordic real estate which we believe