Nordic investment manager Sirius Capital Partners said that it has raised €200 mln of equity at the final closing of its Sirius Fund IV.
The Fund invests in build-to-rent residential assets in Finland, predominantly in the Helsinki region. It has already invested around 70% of its capital. The investors in the fund are all international institutional investors, such as multi managers, pension companies and family offices, with more than three quarters of the capital coming from the US and the rest from Europe.
‘The residential market in Finland is very interesting and as the international interest towards the segment is growing, there are significant opportunities for a local opportunistic investor as Sirius. The interest among investors for this fund was very high on both sides of the Atlantic, enabling us to have a very quick fundraising,’ said Patrick Gylling, CEO of Sirius Capital Partners.
Clifford Chance has acted as the legal counsel for the Fund and Accord Capital Partners acted as the placement agent in conjunction with the final closing.
