The CapMan Nordic Infrastructure II fund has reached a final close at €375 mln, double the size of its predecessor fund.
Established in 2022, the fund has already made four investments and will continue investing in energy, transportation, and digital infrastructure across the Nordics in line with its strategy.
Since 2017, CapMan Infra has raised a total of approximately €800 mln in capital, which is managed by a team of 13 professionals based in Helsinki and Stockholm.
Around 30% of the fund’s capital commitments have been raised from Finnish and approximately 70% from European and North American institutional investors, including pension funds, insurance companies, funds of funds, trusts, and family offices.
The fund’s strategy is to invest in Nordic energy, transportation, and digital infrastructure assets with low risk and stable cash flows. The investment strategy focuses on actively originating investments with a local team and creating value by developing the portfolio companies.
Ville Poukka, managing partner at CapMan Infra, said: 'The well-performing investments of our first infrastructure fund have proven that our Nordic-focused fund and local team can create value as an owner and developer of infrastructure businesses.
'Our investments in Nordic infrastructure that support the green transition have gained interest among a large group of international investors, which delights us.'
The CapMan Nordic Infrastructure II fund participated in the GRESB sustainability assessment for the first-time last year, receiving an excellent rating. The Article 8 fund aims to create value by accelerating the green transition in its portfolio companies.
The fund has already made four investments: two in a growing data centre platform, one in solar energy developer Skarta Energy, and one in Napier, a leading provider of transportation infrastructure for the aquaculture industry.
