Provider of independent debt advisory in the Nordics

Pangea Debt Advisory is an integrated part of Pangea Property Partners.

Our team is a completely independent debt advisor without its own balance sheet, in addition to being product neutral. The main target group is both new and existing customers in the real estate sector, but also new customers in other sectors.

Our aim is to secure the best terms and conditions possible for our clients to support the company´s equity story. The focus will be on arranging, advising, and structuring debt transactions including debt capital raising strategy where all relevant parameters will be addressed. The overarching goal will be to optimize the debt/equity mix to make sure the client has the strategic and operational flexibility necessary going forward to be able to execute on their strategic plan.

The Debt Advisory team is based in Oslo.

Terje A. Pettersen is Managing Director and Partner at Pangea Debt Advisory. He has a strong track record from Debt Capital Markets and Debt Advisory in the Nordic region over more than two decades. Together with John Stene, Director and Partner, they have nearly 40 years of experience from this market.

Pangea Debt Advisory was established in 2021 with operations in Oslo.

Feel free to contact the team below.


Terje A. Pettersen Managing Director & Partner
Pangea Debt Advisory
Terje A. Pettersen has more than 25 years of experience from Debt Capital Markets in the Nordics and is one of the founders of Pangea Debt Advisory in August 2021. He has worked at SEB for the past 10 years and been part of the management team in both SEB Norway and the Investment Banking unit. Mr. Pettersen has also been Head of Debt Capital & Partner at ABG Sundal Collier for 4 years and held numerous leading positions over a 12-year period at DNB, such as Head of Commercial Real Estate. He holds an MSc in Business and Economics, majoring in Finance, and an Executive MBA in Finance both from the Norwegian School of Economics (NHH). Relevant industry experience: +25 years.
John Stene Director & Partner
Pangea Debt Advisory
John Stene has extensive experience within Debt Capital Markets in the Nordics and is one of the founders of Pangea Debt Advisory in August 2021. He comes from the position as Vice President, Corporate & Institutional Advisory at Swedbank where he has worked for more than 11 years. Mr. Stene has worked in Investment Banking for the past 10 years, and also worked a year at Swedbank's headquarter in Stockholm where he contributed to rebuild Swedbank's DCM High Yield origination team, with a special focus on real estate transactions. He holds an MBA in International Business and a MSc in Finance from the University of Denver. Relevant industry experience: +12 years.
Ola Aukan Velund Associate
Pangea Debt Advisory
Ola Velund started working at Pangea Debt Advisory in December 2021. He has previous experience working as an analyst at Barrick Gold Corporation and as an Associate in SEB’s Real Estate Coverage group within corporate banking. Ola holds a Msc in Finance from Grenoble Ecole de Management. Relevant industry experience: +4 år