Northern Horizon completes first close for fourth Nordic aged-care fund

Northern Horizon Capital has completed the first closing of its fourth Nordic aged-care fund, NACF IV, with €100 million ($118 million) in capital commitments.

Investments came from both follow-on and new institutional investors, including Nordic and continental European pension funds, endowments and family offices.

NACF IV will acquire modern-aged care assets that are let on long-term leases to strong private or public sector operators across the Nordics. Northern Horizon said the fund’s strategy is built on the global demographic megatrend of an aging population, which is generating strong growth in the underlying aged care real estate sector.

“As well as offering investors an attractive risk-adjusted return, we strongly believe this fund will help to improve the lives of residents by providing funding for modern, high-quality and fit-for-purpose accommodation,” said Milda Darguzaitė, CEO Northern Horizon. “Combined with our ambitious environmental