The Swedish real estate private equity firm completed the final close for its fifth opportunistic property fund, Niam Nordic V, with €719 million in total equity commitments.
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 €600 million. We are grateful to both our existing investors who have continued to support us over several funds and new investors who have decided to partner with us due to our track record and real estate experience,” says Johan Bergman, CEO of Niam
With approximately €2.2 billion in investment capacity, Niam Nordic V will be invested through Niam’s organization locally located in Stockholm, Oslo, Helsinki and Copenhagen. The capital in the new fund will target commercial and residential properties in the Nordic countries. Niam Nordic V is already ~15% invested.
Niam is actively managing a real estate portfolio of €3.3 billion through its three funds Niam III, Niam IV and Niam V.
For more information, contact:
Johan Bergman, CEO +46 8 5175 8500
Jennifer Andersson, Director, Head of IR & Business Development +46 8 5175 8559
Niam is the leading real estate private equity firm in Northern Europe with total AUM of €3.3 billion. Niam offers financial institutions the opportunity to invest in the Nordic and Baltic property markets. Since inception in 1998, Niam has invested over €5.5 billion through its own funds or on behalf of its financial partners and has generated a realized gross leveraged IRR of 31%. Niam is headquartered in Stockholm with satellite offices in Oslo, Helsinki and Copenhagen, a fully integrated investment team of 40 dedicated real estate professionals and an experienced senior management with over 20 years of direct real estate investment and development experience. For more information, please visit www.niam.se.
Niam, founded in 1998, is a leading private equity real estate firm in Northern Europe. Our head office is located in Stockholm, Sweden, and we have local offices in the Nordic capital cities of Oslo, Helsinki and Copenhagen. Niam has one of the largest real estate teams specifically focused on the Nordic Region. We recognize that our core strength is our people and our success is dependent upon attracting and developing the top real estate professionals in the region. Simply stated…Niam is people. Niam strives to be the Partner of Choice for Nordic real estate. Our network encompasses strong relationships that extend over decades with leading global institutional investors, European banks, tenants, municipalities and the local community. Our top managers average over 26 years of direct real estate experience. It is this collection of knowledge that makes Niam the Partner of Choice.