Weakened bank loan terms for PE firms vex Nordic financial watchdogs

Danish financial regulators are worried about the rise of covenant-lite loans for private equity firms from the country's banks – and their counterparts in Sweden see similar developments.

Jyske Bank (picture above) and Nykredit are more open to taking risk when lending money to Private Equity buy outs. | Photo: Ritzau Scanpix/Mikkel Berg Pedersen

Carsten Steno

Fierce competition between the banks to lend to private-equity firms is making itself particularly apparent in loan terms – the so-called covenants.

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Weakened bank loan terms for PE firms vex Nordic financial watchdogs

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Front page now

Akademiker Pension increases focus on biodiversity

Goldman raises USD 14bn for private equity secondaries fund

Only one Nordic fund market increased its AUM in August

Alecta’s CEO rejects controversial Heimstaden investment

Global equities are boosting Danish pension funds

Operational landscape increases popularity of private credit, Finnish manager says

AMF appoints new manager for Swedish equities

Swedish FSA reprimands troubled pension giant

EM manager bets on polluting giant for his sustainable fund: "It sticks out like a sore thumb"

Critics lambast Alecta for secrecy and "incompetence" in major real estate investment

Asset managers rebuffed as EU cracks down on use of ‘ESG’

ATP on admitting billionaire investors into new venture: Our strategy remains unchanged

Further reading

Only one Nordic fund market increased its AUM in August

Alecta’s CEO rejects controversial Heimstaden investment

Goldman raises USD 14bn for private equity secondaries fund

AMF appoints new manager for Swedish equities

Mandatum, Handelsbanken and Storebrand were the real winners of Q2

Operational landscape increases popularity of private credit, Finnish manager says

Jobs