The infrastructure arm of Nordic private asset manager CapMan has reached an initial close for its third fund.
CapMan Nordic Infrastructure III secured its initial close on 24 June, and remains on track to reach its €750m target for a final close in 2027, the manager said.
CapMan Nordic Infrastructure II, the previous fund in the series, closed in April 2024, raising €375m.
CapMan Infra said the fund’s first close was backed by more than 20 institutional investors, with approximately one-third of commitments sourced from outside the Nordic region.
German and Finnish pension institutions account for around two-thirds of total commitments to date, CapMan Infra said, adding that, additionally, several initial investors have reserved capacity for subsequent allocations, and the fund is scheduled to deploy its first capital during 2026.
The strategy of CapMan Nordic Infrastructure III is to invest in lower mid-cap infrastructure businesses and assets across the Nordics, focusing on energy and utilities, transportation and digital infrastructure, the manager said.
Ville Poukka, managing partner at CapMan Infra, said: “CapMan Nordic Infrastructure III builds on our established Nordic infrastructure fund series. We are pleased by the support from both existing and new investors at the first close and are confident in the fund’s progress towards a final close at its target size.
“The Nordic infrastructure market continues to offer attractive opportunities that benefit from structural trends, and the fund is well positioned to deploy capital during 2026.”
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