Fundraising - MAY 13, 2016

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

Northern Horizon holds €121m first close of Nordic senior living fund

by Zoë Wolff

Northern Horizon Capital has held a first close of €121 million ($136.67 million) for its Nordic Aged Care Fund, according to a statement.

The fund, which launched in December 2014, is seeking to raise €250 million ($282.38 million) and is expected to hold a final close by year-end 2016.

The fund follows two predecessor funds, Healthcare I and Healthcare II, which invested exclusively in senior living facilities in Finland.

“We already see a substantial shortage of care facilities across the Nordics to accommodate the present and future need for more beds and more flexible care,” said Michael Schönach, CEO of Northern Horizon, in a statement.

Nordic Aged Care Fund has expanded its focus from the previous funds to include Sweden, Norway and Denmark, as well as Finland. The fund will invest in a

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy