Credit Investments

PAI manages two credit structures for senior secured debt financing of commercial real estate in Norway.

The current disintermediation of banks has changed the landscape for corporate debt financing considerably since the credit crisis became visible in 2008. Corporate debt financing has shifted from being highly dependent on bank funding to being increasingly reliant on direct lending from credit funds and bond markets as a result of regulatory and capital allocation pressure on banks.

As a result, demand for Pareto Alternative Investments' tailored credit investments where we represent an attractive source of capital for the companies and projects we finance, continues to grow across our core market.

Pareto Obligasjonsfellesskap Eiendom

-Established 2016
-Closed-Ended
-Senior secured CRE debt
-Closed for commitments
-Unlevered
-Institutional Investors


Closed-end credit structure for senior secured debt financing of commercial real estate in Norway. The structure was established in 2016 with the ambition to take advantage of the banks' increasing reluctance to provide long term debt to commercial real estate. The investment mandate covers senior secured loans with tenor between 5-15 year duration. 

The investors are predominantly Norwegian institutional investors such as insurance companies and pension funds.

Pareto Eiendomskreditt

-Established 2017
-Closed-Ended 
-Senior secured CRE debt
-Open for commitments
-Unlevered
-Institutional Investors


Closed-end credit structure for senior secured debt financing of commercial real estate in Norway. The structure was established in 2017 with the ambition to take advantage of the banks' increasing reluctance to provide debt to commercial real estate. The investment mandate covers senior secured loans with tenor up to 5 years duration. 

The investors are predominantly Norwegian institutional investors such as insurance companies and pension funds.