Mandatum Oyj: Mandatum launches a new opportunistic credit fund, MAMCO II
Press release, 28 January 2026 at 10:30 a.m. EET
Mandatum is expanding its credit offering by the launch of Mandatum Credit Opportunities II fund ("MAMCO II"), tailored for institutional and professional investors. The second vintage of Mandatum's opportunistic credit strategy builds on the success of its predecessor, which outperformed its objectives to date.
Mandatum's new opportunistic credit fund aims to create value by combining high-interest income investments and pull-to-par opportunities offering capital appreciation potential. MAMCO II is seeking compelling risk-adjusted returns and enhanced return potential compared with traditional high yield markets.
The closed-end fund operates at the intersection of public and private credit markets in Europe and the Nordics, leveraging Mandatum's extensive experience and sourcing network to identify the best relative value opportunities in any market environment. The fund has successfully closed its seed round at over EUR 200 million, with the first close scheduled for March 2026. The predecessor strategy, launched in 2020, outperformed its objectives to date. Its investment period ended at the end of 2025.
"Building on the strong heritage of opportunistic credit investing, we are excited to launch MAMCO II and offer our investors access to our strategy that capitalises on our proven ability to generate returns through disciplined credit selection, an opportunistic countercyclical mindset, and active portfolio management. While the credit market is currently tight on average, there are attractive single-name opportunities. As we move forward, we will be very disciplined in our investment pace to be able to capture the next set of broader market volatility," says Alexander Gallotti, Head of Leveraged Finance.
"We take pride in offering our clients a broad range of credit solutions, further strengthened by the launch of MAMCO II. The strong seed closing reflects the deep trust our clients place in us, and we are excited to embark on this journey together. This type of investment requires a long-term commitment, which is strongly supported by our strategy," says Janne Sarvikivi, EVP, Asset and Wealth Management.
Mandatum offers institutional investors access to a broad platform of credit and alternative investment solutions. Clients are served with extensive resources, strong investment expertise, and long experience in key asset classes. Mandatum's recognised fixed income expertise spans traditional credit and private debt, delivering resilient performance across market cycles.
Additional information:
Alexander Gallotti
Head of Leveraged Finance
Tel. +358 50 379 5099
alexander.gallotti[a]mandatumam.com
Kaisa Antikainen
Head of Content and Communications
Tel. +358 40 556 8088
kaisa.antikainen[a]mandatum.fi
Mandatum in brief
Mandatum is a major financial services provider, combining expertise in asset and wealth management and life insurance. Clients include institutional investors, companies and private individuals. Mandatum offers a broad range of services encompassing asset and wealth management, compensation and rewards, supplementary pensions and personal risk insurance. Skilled personnel, strong brand and proven investment track record are at the centre of Mandatum's success. The company has been listed on Nasdaq Helsinki since 2023.
Marketing material.
This marketing communication relates to Mandatum Investment Fund SCSp SICAV-RAIF and its Sub-Fund "Mandatum Credit Opportunities II" (the "Fund"). This document is prepared by Mandatum Asset Management Ltd, portfolio manager of the Fund. The Fund is managed by Maples Fund Management Ireland Limited.
This marketing communication does not constitute investment advice. Please refer to the offering documents of the Fund for further information and before making any final investment decision. Please note that the investment risks of the Fund are further detailed in the offering documentation.