Niam holds €280m final close for second core-plus Nordic fund

Niam AB, a private equity real estate firm based in Stockholm, has held a final close for Niam Nordic Core-Plus Fund II at €280 million ($326 million), according to IREI’s FundTracker database. The firm did not comment on its fundraising efforts.

The fund’s official final close was in March.

Niam Nordic Core-Plus Fund II was launched in 2016 and follows a core-plus investment strategy. The fund specifically targets office, retail and residential property investments throughout the Nordic Region, primarily in Sweden, Norway, Finland and Denmark.

The series’ flagship fund, Niam Nordic Core-Plus, held a €300 million ($349 million) final close and employed the same investment strategy as Fund II.

Niam AB also manages a Niam Nordic fund series, an opportunistic series that invests in properties throughout the Nordic and Baltic countries. The firm recently launched the next