NRP Group holds $180m final close for Nordics fund

NRP, an independent and privately-owned investment services and fund management group headquartered in Oslo, Norway, has held a final close on its NRP Fund VIII, raising $180 million, exceeding its $170 million target. The fund has already completed eight investments in the Nordics.

The fund is number eight in the series of private equity real estate funds managed or advised by NRP Asset Management, and it will have a similar strategy and team as the previous NRP real estate funds. The fund has a core-plus strategy with a diversified portfolio. Downside protection is based on long-term investments with semi-annual distributions providing attractive risk-adjusted investor returns.

“Our strategy has been consistent since we started our investments in the Nordic real estate market. We focus on long-term solid tenants and attractive dividend yield. Since the fund is already well under way of establishing a solid portfolio, we plan to launch a new fund shortly,” said Ax