CapMan Infra has held the first closing of its Nordic infrastructure fund with commitments of €115 million ($131 million).
A diverse investor base participated in the first close, including pension funds, foundations, corporations and family offices. In addition to CapMan, which committed €30 million to the fund, IlmarinenMutual Pension Insurance Company, Tradeka-invest and The Church Pension Fund are among the largest investors in this close.
CapMan Nordic Infrastructure I fund invests predominantly in small to mid-cap core/core-plus brownfield infrastructure assets in the energy, transportation and telecommunications sectors across the Nordic countries, through either majority or minority equity investments.
“We focus on investing ca. €20 million [$23 million] to €50 million [$57 million] equity tickets from the fund but can also execute larger deals through co-investments with our fund investors,” said Ville Poukka, managing partner for CapMan Infra.
“Investor interest in infrastructure investments has increased with investors looking to allocate more capital to the asset class. An infrastructure fund with a local team and Nordic mid-cap focus is an attractive proposition to international infrastructure investors, and we are among the first to provide a specialized strategy for the market,” said CapMan’s CEO Joakim Frimodig.
CapMan is a Nordic private asset manager with an active approach to value-creation in its target companies and assets.
