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New asset manager Swiss Credit Partners has launched a fund which provides financing for medium-sized companies in Switzerland.
Vaudoise Insurances and Swiss Life have jointly made a starting capital commitment of CHF 1.2bn to the Luxembourg-domiciled SCP Senior Loan Fund SICAV-RAIF, with Swiss Life making the largest commitment.
This new financing solution offers tailor-made loans, specifically targeted at medium-sized companies seeking around CHF 20m or more. This initiative directly addresses a financing gap for these businesses, largely due to the recent upheaval in the Swiss banking landscape. The launch aims to support and strengthen the medium-sized Swiss company sector.
