Nordic AIFM raises more than $160m for core-plus fund

NRP, an Oslo-based alternative investment fund manager, has surpassed the fundraising target for its new core-plus Fund X.

With a target of NOK 1.5 billion ($160 million), the fund has already locked in two real estate investments.

NRP also said Fund VIII, a predecessor in the fund series, has been fully invested in a  diversified pan-Nordic real estate portfolio. The fund, which was targeting NOK 1.5 billion ($160 million) in equity commitments, had an overweight on logistics and was oversubscribed, closing at NOK 1.6 billion ($171 million). 

Last year, NRP also launched Fund IX, a €450 million ($487 million) core fund backed by Allianz and CBRE GIP, with a portfolio of eight logistics properties in the Nordic region.

“2019 was an active ye