Three managers have closed funds with more than €1 billion in equity commitments in the last few weeks.

The first, Nordic Real Estate Partners, has collected €1.9 billion for its Nordic Strategies Fund IV, making it the largest ever Nordic real estate fund.The vehicle will address underserved real estate segments across the Nordics, with a main focus on various forms of customer-centric residential rental properties, care homes and modern logistics.

More than 40 percent of the fund’s capital has already been deployed. The initial investments include 12 care homes, primarily in Sweden, as well as a number of sustainable residential investments such as net-zero energy apartments near Stockholm. The fund also includes several logistics investments in Finland, Norway, Denmark and Sweden.

The second manager, Brookfield Asset Management, has closed its first European core-plus real estate fund, Brookfield European Real Estate Partnership (BEREP), with €1.14 bi