Mandatum Oyj: Mandatum's MAMCO II fund completes successful first closing exceeding EUR 300 million
Press release, 2 April 2026 at 10:00 a.m. EEST
Mandatum Credit Opportunities II fund ("MAMCO II"), launched in early 2026, has successfully raised more than EUR 300 million in its first closing. The fund has already begun its investment activities.
In January, Mandatum expanded its offering with the launch of the new MAMCO II credit fund, which is tailored for institutional and professional investors and follows an opportunistic investment strategy. MAMCO II operates across both public and private credit markets in Europe and the Nordics. The fund seeks compelling risk-adjusted returns and enhanced return potential compared with traditional high-yield markets.
At its first closing, the fund raised more than EUR 300 million in commitments together with the strong seed closing.
"Successfully completing the first closing in the current market environment is a significant achievement and a clear indication of our clients' strong confidence in our expertise in this asset class," says Alexander Gallotti, Head of Leveraged Finance.
The fund has already made its first investments in the secondary markets, taking advantage of the recent sell-off, particularly in the software and IT service sectors. Further, one investment has also been made in the direct lending segment with the second transaction being finalised.
"MAMCO II further complements Mandatum's broad range of credit and alternative investment solutions and is particularly well suited to uncertain market conditions. The successful fundraising demonstrates that investors value Mandatum's long-term, cycle-aware approach to credit investing," says Janne Sarvikivi, EVP, Asset and Wealth Management.
The closed-end fund leverages Mandatum's extensive experience and sourcing network to identify the best relative value credit investment opportunities in any market environment. The predecessor strategy, launched in 2020, outperformed its objectives to date. Its investment period ended at the end of 2025.
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:
Janne Sarvikivi
EVP, Asset and Wealth Management
Tel. +358 40 7177377
janne.sarvikivi[a]mandatum.fi
Alexander Gallotti
Head of Leveraged Finance
Tel. +358 10 209 8172
alexander.gallotti[a]mandatumam.com
Niina Riihelä
SVP, Communications, Brand and Sustainability
Tel. +358 40 728 1548
niina.riihela[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.
mandatum.fi/en/group
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.