Northern Horizon, the leading specialized social infrastructure investment manager in the Nordics, closed first quarter 2026 with another funding round of approximately €100 million ($117 million) for its flagship evergreen platform, Aged Care Social Infrastructure Fund (ACSIF). The new equity is raised from MN on behalf of PME, a large Dutch pension manager. This, combined with the commitment from MN’s other client PMT of €100 million ($117 million), meant Northern Horizon closed out €200 million ($234 million) of new equity for ACSIF in first quarter 2026 from MN. Further top-ups were made also from existing clients.
Andrew Smith, partner and head of capital raising at Northern Horizon, commented: “MN have been monitoring Northern Horizon for several years. When they decided last year to look into an investment in Europe in the Aged Care Real Estate sector, they ran an overview of the European market and shortlisted Northern Horizon as a potential target with our
