Swedish Fintech company Tessin secures EUR 100 million through London-based fund manager, enabling core business scale-up

Stockholm, Sweden - Tessin Nordic Holding AB (publ) (NASDAQ: TESSIN), the leading digital platform for real estate loans in the Nordics, has signed an agreement with LCM Partners, a London-based fund manager. The agreement states an initial commitment of approx. EUR 100m to be invested in loans on Tessin’s digital platform primarily for residential development loans across Sweden.

“This is a game changer for Tessin,” says Heidi Wik, CEO Tessin Nordic Holding. “The institutional capital through LCM Partners enables Tessin to grow our core business. It gives us significantly greater capacity to meet the substantial demand for real estate financing, which is a key to our long-term success.”

This is the largest investment deal for Tessin to date and proves that Tessin´s business model is attracting international attention. It is also a validation that the Tessin group is seen as a professional partner to global investors who are pursuing investment opportunities across international capital markets. This opens up access to large pools of international capital, safeguarding Tessin’s growth potential.

“We are widely recognized for our deep understanding of credit and our track record of generating strong, risk-adjusted returns for our clients,” says Farid Shavaksha, Managing Director at LCM Partners. “Tessin fits into our Strategic Origination and Lending Opportunities (SOLO) program, which focuses on high quality, asset backed loans and leases across European markets, originated through partnerships with best-in-class local platforms. Thanks to Tessin’s track record and credit processes, we now have access to direct investments in the Swedish real estate finance market.”

LCM Partners is a leading European investment management firm based in London and is part of LC Financial Holdings which has over EUR 50 billion of assets under management. The group is in turn part owned by Brookfield Asset Management, one of the world’s largest alternative investment management companies.

Source: MFN

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