HTGP’s long-standing partners establish a new private credit fund for growth companies

HTGP’s long-standing partners have established a new Finnish private credit fund for growth companies, SP Growth Credit. The fund addresses the growing financing gap in the market by providing flexible debt financing to profitable, growth-oriented small and medium-sized enterprises (SMEs).

The fund raised EUR 34 million at its first closing. The European Investment Fund (EIF) is the anchor investor, committing EUR 20 million through the InvestEU programme. Other investors include Sitra, the University of Jyväskylä, and a broad range of Finnish institutional and private investors.

Before the fund was established, the fund managers’ Corporate Finance business was transferred to HTGP Group and its subsidiary, Mint Palvelut Oy. This enabled the fund managers to focus on building the new fund.

The new fund strengthens a long-standing collaboration. Our shared goal is to help Finnish growth companies connect with the right partners throughout every stage of their growth and financing journey.

We congratulate the SP Growth Partners team on the launch of the new fund and look forward to strengthening our collaboration in the years ahead.