MN, the asset manager of Dutch pension funds PMT and PME, committed €200m during the first quarter of the year to Northern Horizon’s Aged Care Social Infrastructure Fund (ACSIF).
Northern Horizon said its flagship evergreen platform, ACSIF, secured €100m from MN on behalf of PME, alongside a matching €100m commitment from PMT during the same period.
The Nordic social infrastructure investment manager said that ACSIF, which now has over €1bn of assets under management, also secured additional top-ups from existing clients.
The fund’s asset portfolio currently comprises 83 aged-care properties and other social infrastructure assets across Finland, Sweden and Denmark.
Christoffer Abramson, group CEO and partner, Northern Horizon, said: “We launched ACSIF in 2024 with around €400m in committed capital. To announce this second fundraise in the first quarter of 2026, with total commitments of over €250m in the same quarter, reflects Northern Horizon’s ability to attract institutional capital by consistently delivering strong returns over time.
“The renewed investor commitments truly underscore the strength of Northern Horizon’s strategy, the ACSIF portfolio and our team.”
Paul van Kempen, portfolio manager real estate, MN, said: “The commitments to the ACSIF fund on behalf of PMT and PME fit our clients’ long-term investment approach.
“The strategy provides exposure to a sector supported by structural demographic trends and growing demand, through a manager with a focused Nordic platform and strong local market expertise.”
Andrew Smith, partner and head of capital raising at Northern Horizon, said: “We are thrilled that MN chose Northern Horizon on behalf of their clients PME and PMT, and we appreciate their two investments of €100m each in the first quarter of 2026.
“We look forward to continuing the strong performance of ACSIF for our existing and new investors.”
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