Urban Partners launches whole loan strategy with €200m first close

• The first close is backed by leading Danish institutional pension funds
  Industriens Pension and Lægernes Pension
• Investor support underscores strength of credit strategy in underserved European markets across the Nordics and Germany
• Whole loan strategy offers flexible financing solutions reflecting opportunities created by structural changes in the lending environment

Urban Partners announced today the first close of Urban Partners Credit II (“UPC II”), its latest real estate credit fund, marking a significant milestone for the firm’s expanding credit platform. UPC II is Urban Partners’ second dedicated real estate credit vehicle, building on the firm’s two-decade track record in real estate investing across Europe.

UPC II is a whole loan fund focused on investing in senior secured real estate loans across the real estate value chain in the Nordics, specifically Sweden, Denmark and Finland, as well as Germany. The fund’s investment strategy is designed to complement existing financing offerings in its target markets while serving growing demand for alternative, flexible financing solutions.

Jens Stender, Co-CEO of Urban Partners, said: “The first close for UPC II reflects continued investor interest in our approach to real estate credit and the opportunities we see across the Nordics and Germany. By combining local market access with disciplined underwriting and active loan management, we believe Urban Partners’ credit team is well positioned to provide flexible financing solutions in markets where traditional lending capacity has become more constrained. Alternative credit has an important role to play in today’s market, and UPC II is intended to build on that focus.”

With approximately €25 billion in assets under management, Urban Partners is a leading European urban investor. The credit platform leverages the firm’s long-standing local market presence and knowledge across its core geographies to support sourcing, diligence and ongoing loan management, ensuring a personalised, hands-on approach to each investment throughout the loan lifecycle.

In a market characterised by increased regulation and continued macroeconomic uncertainty, UPC II aims to address the structural funding gap faced by experienced sponsors and developers in the mid-market space. The fund focuses on defensive sectors supported by long-term tailwinds, including residential, logistics and social infrastructure, with selective exposure to other asset classes. A key focus will be financing brown-to-green transitions, with the fund classified as SFDR Article 8 and targeting at least 80% of investments aligned with the CRREM 1.5°C pathway.

The investors participating in the €200m first close are Industriens Pension and Lægernes Pension, two leading Danish institutional pension funds, reflecting interest from long-term institutional investors in Urban Partners’ credit approach. Fundraising for UPC II is ongoing, with Urban Partners expecting further closes in due course.

Emanuele Bena, Head of Credit, Urban Partners, said: “This milestone reinforces the strength of our credit platform – combining disciplined underwriting, local insight and an experienced team with longstanding local presence and deep networks in all target markets. Through UPC II, we will continue to back high-quality sponsors bringing forward sustainable urban projects, aiming to contribute positively to urban environments while seeking to deliver attractive risk-adjusted returns for our investors.”

Urban Partners' previous credit fund has invested across mezzanine and whole loan strategies, establishing the firm's offering in alternative real estate financing solutions.

For further details, contact:
Anna Hillinge, Director, Corporate Affairs, Urban Partners
+4521136243 /