CapMan enters Nordic distribution partnership with Nordea
CapMan Press Release
25 September 2019 at 1.00 p.m. EEST
CapMan enters Nordic distribution partnership with Nordea
CapMan has commenced co-operation with Nordea regarding the distribution of CapMan Nordic Property Income Fund (“CMNPI”), a non-UCITS fund managed by CapMan. As a result, CMNPI will become part of Nordea’s product offering, enabling their customers to subscribe for the fund in a convenient manner.
CMNPI was established at the end of 2017 and is one of few non-UCITS funds investing in real estate with a Nordic scope. The fund has completed a total of nine transactions to date in Finland, Sweden and Denmark. The fund’s assets are diversified across various property types and its gross asset value has reached EUR 130 million. From the fund’s inception date to today, the fund has returned approx. 13%.*
“This distribution partnership combines two strong brands. CapMan’s long experience in investing in Nordic real estate markets and its alternatives asset class know-how meet Nordea’s strong networks and market leading wealth management practice in the Nordics. CMNPI has had a flying start and the first year for the fund has provided excellent returns.* The expanded distribution enables us to significantly grow the fund size while offering a wider group of investors a cost-efficient way to diversify their real estate investments across geographies and different property types,” comments Mika Matikainen, Managing Partner and Head of CapMan Real Estate.
Following the distribution agreement, CMNPI becomes part of Nordea’s product portfolio and enables the distribution of the fund directly to Nordea’s customers. The threshold to invest becomes lower as investors can subscribe for the fund starting from an investment of EUR 5,000.
“CapMan’s strong know-how and specialised alternative assets expertise, including expertise in real estate, broadens Nordea’s investment product offering and provides access to a high-quality Nordic real estate fund for Nordea’s wealth management customers. CapMan also has other products positioned for professional investors that we can include in our product offering at a later stage. Co-operation with strong fund managers is important for Nordea as we want to maintain our position as the best and most awarded wealth manager in the Nordic countries also in the future,” says Tanja Eronen, Co-head, investment products at Nordea.
“We are extremely pleased with the co-operation with Nordea, which is a great example of the execution of our strategy. The distribution agreement allows a more diversified group of investors to benefit from the local expertise and networks of our Nordic real estate team. In the future, we may expand the product portfolio offered through partners also to other product categories,” says Joakim Frimodig, CapMan’s CEO.
CMNPI is an open-ended investment fund (non-UCITS) which accepts new subscriptions on a quarterly basis. The fund enables easy access to the Nordic real estate market by increasing the allocation into alternative asset classes through the diversification of the portfolio by geography and property type. The fund focuses on stable income generating properties in the largest and most liquid Nordic cities with solid long-term growth fundamentals. The fund’s assets are professionally managed commercial properties, such as office, logistics and light industrial properties.
The fund is managed by CapMan AIFM Ltd, an alternative investment manager (AIFM) licensed and supervised by the Finnish Financial Supervisory Authority.
Additional information and KIIDs:
Mika Matikainen, Managing Partner, Head of CapMan Real Estate, tel. +358 40 519 0707
Tanja Eronen, Co-head, investment products, Nordea, tel. +358 40 7447482
https://www.capman.com/real-estate/nordic-property-income/
* Past performance is no guarantee for future returns. The value of the money invested in the fund can increase or decrease and there is no guarantee that all or any of your invested capital can be redeemed. Prior to making any investment decisions investors shall get acquainted with the relevant information materials concerning the fund as well as the risks associated with investing in the fund. The fund’s official information materials can be obtained from the website mentioned above.
CapMan is a leading Nordic private asset expert with an active approach to value creation. We offer a wide selection of investment products and services. As one of the Nordic private equity pioneers, we have developed hundreds of companies and real estate assets and created substantial value in these businesses and assets over the past 30 years. Our objective is to provide attractive returns and innovative solutions to investors. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover Private Equity, Real Estate and Infra. We also have a growing service business that includes procurement services, fundraising advisory, and analysis, reporting and wealth management services. Altogether, CapMan employs 140 people in Helsinki, Stockholm, Copenhagen, London, Moscow and Luxembourg. More information at www.capman.com.