Castlelake and Niam Credit launch EUR 1 billion Nordic real estate Financing venture

Castlelake L.P., a global alternative investment manager specializing in asset-based private credit, and Niam Credit, a leading credit provider in Northern Europe, have announced a strategic partnership to deploy €1 billion in real estate financing across Sweden, Norway, Finland, and Denmark.

The initiative aims to address growing demand for flexible, tailored financing solutions as traditional bank lending declines due to regulatory constraints. The partnership will provide capital for acquisitions and refinancings across various real estate asset classes, offering an alternative to conventional loan structures.

As its inaugural deal, Castlelake and Niam Credit have successfully closed a NOK 1.9 billion (€165 million) financing transaction for a portfolio of more than 30 prime properties in central Oslo. The portfolio includes residential, commercial, and medium-stay assets.

Pontus Sundin, CEO of Niam Credit, highlighted the significance of the collaboration: “This partnership marks Niam Credit’s first joint venture, combining our deep regional expertise with Castlelake’s global investment capabilities. Our first project in Oslo underscores our ability to support leading sponsors with substantial capital and bespoke financing solutions, particularly in Norway’s challenging lending market.”

Eduardo D’Alessandro, Partner at Castlelake, emphasized the strategic importance of the venture: “Our collaboration with Niam Credit is designed to deliver critical financing solutions tailored to the Nordic market. This venture aligns with our long-term commitment to providing investors with access to high-quality real estate opportunities across Europe.”

Castlelake has been active in European asset-based opportunities since 2006, investing over €7.2 billion and financing or acquiring more than 8,000 assets across 18 countries.

Photo: Eduardo D’Alessandro, Partner at Castlelake and Pontus Sundin, CEO of Niam Credit