Nordic real estate fund manager Niam has closed its latest fund, Niam Nordic VIII, at €805 mln, making it the second-largest opportunistic fund in its history.
Over the past year, Niam has successfully invested a substantial portion of the fund's capital, primarily in Nordic residential and logistics assets, as well as other promising investment opportunities.
Niam Nordic VIII is an opportunistic fund specializing in high-growth real estate sectors across the Nordic region. As part of a diversified fund series, its predecessors have consistently generated strong risk-adjusted returns throughout various market cycles. In its latest iteration, Niam Nordic VIII has made significant investments in the residential and logistics sectors.
Niam Nordic VIII has attracted a global and diverse investor base, including prominent institutional investors from Asia, North America, Europe, the Middle East, and the Nordics. These investors encompass pension funds, sovereign wealth funds, insurance companies, foundations, and family offices.
Jennifer Andersson, managing partner at Niam, said: ‘We are proud to have raised our second-largest fund in this challenging fundraising environment. This was only possible with the continued support from our long-term investors. In addition, we welcomed several new investors with which we look forward to building long-lasting partnerships. Our priority remains to deliver strong and consistent performance for our investors, and we take pride in our continued success in this area.’
Henrik Gerdin, Niam fund manager, added: ‘Niam Nordic VIII is dedicated to building unique sets of real estate portfolios with an emphasis on the residential and logistics sectors. In addition to the investments made to date, Niam has several transactions in due diligence and we anticipate that Niam Nordic VIII will be fully deployed during the first half of 2025. Our aim is to achieve high returns through execution of various business strategies, including portfolio optimization, active asset management, and development projects.’
