Finserve's credit guarantee program from the EIF is extended to also include the Nordic Direct Lending Fund

Another milestone at Finserve Nordic AB is achieved!

As we communicated earlier, we have Finserve Nordic AB received a credit guarantee program of three billion SEK from the European Investment Fund for the fund Scandinavian Credit Fund I, which is now also light green.

Now it is clear that even Finserve Nordic ABs institutional fund – Nordic Direct Lending Fund is approved to be included in the guarantee program. This means that Nordic Direct Lending Fund also has the opportunity to issue loans where the nominal amount is guaranteed to 70% of European Investment Fund (EIF).

The Nordic Direct Lending Fund will be launched in the spring of 2022 and is a closed AIF aimed at institutional investors with a focus on Nordic credit and will be bright green. The fund aims to raise capital up to SEK 5 billion with a "hard cap" of SEK 7 billion. The fund will be managed by Finserve Nordic AB.

See the full press release here: Press release NDLF