Sandro Näf is CEO and Co-Founder of Capital Four. Established in 2007, Capital Four is an industry-leading, independent credit asset management boutique rooted in Scandinavian culture. Headquartered in Copenhagen the team of 120+ professionals manage €15+bn across a leveraged finance platform covering private debt, high yield, senior loans, structured credit and multi-asset credit. All strategies are run with a unified investment process based on team-based decision-making and rigorous bottom-up fundamental credit research.
Within private debt Capital Four focuses on the growing Nordic lower middle market and manages €3bn across 5 vintages of funds. The Nordics have a rich tradition of private equity, dating back to the 1980s. Historically the market has been very reliant on banks to supply debt funding and as a result penetration by private debt funds is relatively low. Today banks are reluctant to lend, and direct lenders provide a needed alternative source of debt finance.