Niam Infra Fund reaches €127m in third close with a significant commitment from the European Investment Fund backed by InvestEU

Niam facilitates the energy and digital transition in the Nordics.

Niam Infrastructure has secured a €127m third closing for its Nordic infrastructure fund, with a significant commitment from the European Investment Fund (EIF). The EIF's cornerstone investment of €63m, supported by the InvestEU program, could increase to €75m in subsequent closings. The fund currently holds nine investments across four sectors and aims for a €200m final close by end of 2023.

With the third close of the Niam Infra Fund (“NIF”) NIF has more than doubled its commitments which enables us to continue deployment in both new investment opportunities as well as in our existing portfolio of high-performing infrastructure assets and portfolio companies. NIF focuses on asset aggregation and risk reduction in sustainable Nordic infrastructure. The fund was launched in June 2021 and has to date executed on nine investments across utility scale solar, commercial and industrial solar, EV charging and telecom. The fund will continue to raise capital and targets €200m in commitments by final close, which is expected to occur by the end of 2023.

The European Investment Fund has made a cornerstone commitment of up to €75m, using resources from the European Investment Bank and InvestEU, which helps generate additional funding for key European priorities such as the green and digital transition. In addition, several Nordic institutional investors have made commitments to the Fund.

Sverker Åkerblom, CEO of Niam Infrastructure:
“We continue to see significant investment opportunities across small and fragmented infrastructure assets to facilitate the energy and digital transition in the Nordics. We have already executed on nine investments to date and with the trust and support from the EIF we remain focused on deployment while we continue the capital raise towards our target of €200m.  

Marjut Falkstedt, Chief Executive, European Investment Fund:
“We are happy to partner with the Niam Infrastructure Fund in its commitment to target several key sectors in need of investment, such as the energy transition, digital infrastructure, and sustainable transport, in a multitude of European countries. By supporting this type of strategy through the InvestEU programme, the EIF is strengthening its contribution to the EU’s green transition, which is a priority for the EIB Group.”

For further information, please contact:

Niam Infrastructure
Sverker Åkerblom, CEO, Niam Infrastructure
+46 723 88 18 93, sverker.akerblom@niam.com

European Investment Fund:
Anna Charlotta Johansson, Media Relations Officer Sweden, EIB Group
a.johansson@ext.eib.org

About Niam Infrastructure
At Niam, we are committed to equity in action – as a leading real asset manager in northern Europe, we make a meaningful difference by putting capital to work. Building on more than 25 years of trusted experience and outstanding track record, we unite leading expertise to unlock smarter investments in real estate, infrastructure and credit strategies. We are a team of specialists with a passion to perform and deliver sustainable value to our stakeholders.

Niam Infrastructure focuses on sustainable investments within renewable energy, transport and telecom primarily in the Nordics. The platform's first fund focuses on small to medium-sized investments with a focus on asset aggregation and risk reduction in primarily sustainable infrastructure.

For more information, please visit www.niam.com

About the EIF
The European Investment Fund is part of the European Investment Bank group. Its central mission is to support Europe's micro, small and medium-sized businesses (SMEs) by helping them to access finance. EIF designs and develops venture and growth capital, guarantees and microfinance instruments which specifically target this market segment. In this role, EIF fosters EU objectives in support of innovation, research and development, entrepreneurship, growth, and employment.

About InvestEU
The InvestEU programme provides the European Union with crucial long-term funding by leveraging substantial private and public funds in support of a sustainable recovery. It also helps mobilise private investments for EU policy priorities, such as the European Green Deal and the digital transition. The InvestEU programme brings together under one roof the multitude of EU financial instruments currently available to support investment in the European Union, making funding for investment projects in Europe simpler, more efficient and more flexible. The programme consists of three components: the InvestEU Fund, the InvestEU Advisory Hub and the InvestEU Portal. The InvestEU Fund is implemented through financial partners who will invest in projects using the EU budget guarantee of €26.2 billion. The entire budgetary guarantee will back the investment projects of the implementing partners, increase their risk-bearing capacity and thus mobilise at least €372 billion in additional investment.