Slättö announces first close of third flagship Nordic Value Add fund with 50% of target commitments

Slättö today announced the first close of its third flagship Nordic value-add real estate fund, Slättö Value Add III, securing SEK 2.5 billion (EUR 220 m) in committed capital, including co-investment capital. Reaching 50% of the fund’s target size within just six months of launch, this milestone reflects strong investor confidence, with commitments from a diverse group of both new and existing investors, including pension funds, foundations, and asset managers from Europe and the United States.

As one of the most active investors in the Nordics over the past year, with executed transactions exceeding EUR 1 bn, Slättö continues to generate a highly attractive pipeline of value-add opportunities. Slättö Value Add III is well-positioned to continue to harness the opportunities arising from the substantial repricing that has taken place across the Nordic market. Driven by Slättö’s thematic investment approach, favouring investments in primarily residential and light industrial assets, Slättö Value Add III has already completed three acquisitions within its conviction segments.

With the same mandate and investment strategy as its predecessor funds, Slättö Value Add III is set to continue to deliver market-leading risk-adjusted returns, while adhering to a low-carbon transition strategy. Classified as an Article 8 fund, Slättö Value Add III is well aligned with the firm’s commitment to responsible and sustainable investing.

“We are thrilled to have achieved a successful first close, especially in a challenging fundraising environment,” says Jonas Andersson, Deputy Managing Partner at Slättö. “Private equity fundraising volumes for the first nine months of this year have been at their lowest levels in over a decade. This successful first close reflects our robust track record and confidence in what we believe to be the most compelling acquisition window in a decade. The combination of a repriced Nordic real estate market, motivated sellers, and a limited buyer universe positions Slättö Value Add III to become one of the most successful vintages in recent years. We are very grateful for the trust and support from both existing and new investors.”

Advisory support for the establishment of Slättö Value Add III was provided by Roschier. JLL is acting as exclusive placement agent in EMEA.

For further information, please contact:

Jonas Andersson, Deputy Managing Partner 
Tel: +46 70 770 59 74 
E-mail: jonas.andersson@slatto.se

Annachiara Torciano, Head of ESG and Communications 
Tel: +46 76 696 25 88 
E-mail: annachiara.torciano@slatto.se