Niam raises EUR 719m for largest Nordic opportunity fund

Swedish real estate private equity firm Niam has raised EUR 719 mln in equity commitments on the final close of its latest opportunistic property fund, Niam Nordic V.

Niam said Niam Nordic V is the largest fund of its type ever raised in the Nordic region. The fund is already 15% invested.

The investors are a number of global public and corporate pension funds, sovereign wealth funds, endowments and financial institutions. 'It has been a challenging fundraising environment and we are very pleased with having been able to surpass our own target of EUR 600 mln,’ said Niam CEO Johan Bergman.

‘With an investment capacity of EUR 2.2 bn, Niam Nordic V will target commercial and residential properties in the Nordic countries.

Niam actively manages a real estate portfolio of EUR 3.3 bn through its three funds Niam III, Niam IV and Niam V.