Northern Horizon’s latest care home fund holds €300m final close

Northern Horizon’s third institutional healthcare real estate fund, the Nordic Aged Care Fund, held a €300 million ($359 million) final close, oversubscribing its target.

The final closers consisted of a small group of European institutions, which included both new investors and investors who have invested into other Northern Horizon vehicles.

Nordic Aged Care was launched in 2016 and it is Northern Horizon’s third specialized care home fund. The fund helps the Nordic countries meet the challenge of rapidly ageing populations by funding the development and acquiring modern and high-quality care homes leased to leading public and private care operators on long lease contracts.

“Our mission remains to fund the desperately needed new supply of modern and high-quality care facilities for those senior citizens who are no lon