CapMan Infra press release
29 April 2024 at 09:00 a.m. EEST

CapMan Infra's second fund reaches final close at €375 million, twice as large as its predecessor

The CapMan Nordic Infrastructure II fund made its final closing at more than €375 million. Established in 2022, the fund has already made four investments and will continue investing in energy, transportation, and digital infrastructure across the Nordics in line with its strategy. Since 2017, CapMan Infra has raised a total of approximately €800 million in capital, which is managed by a team of 13 professionals based in Helsinki and Stockholm.  

The CapMan Nordic Infrastructure II fund has an international and broad investor base. Around 30% of the fund's capital commitments have been raised from Finnish and approximately 70% from European and North American institutional investors, including pension funds, insurance companies, funds of funds, trusts, and family offices. The fund's strategy is to invest in Nordic energy, transportation, and digital infrastructure assets with low risk and stable cash flows. The investment strategy focuses on actively originating investments with a local team and creating value by developing the portfolio companies.

"The well-performing investments of our first infrastructure fund have proven that our Nordic-focused fund and local team can create value as an owner and developer of infrastructure businesses. Our investments in Nordic infrastructure that support the green transition have gained interest among a large group of international investors, which delights us," says Ville Poukka, Managing Partner at CapMan Infra.

The CapMan Nordic Infrastructure II fund participated in the GRESB sustainability assessment for the first-time last year, receiving an excellent rating. The Article 8 fund has a clear sustainability strategy, aiming to create value by accelerating the green transition in its portfolio companies.

The fund has already made four investments: two in a growing data centre platform, one in solar energy developer Skarta Energy, and one in Napier, a leading provider of transportation infrastructure for the aquaculture industry.

CapMan Infra is an active and committed owner, and its activities are based on the operational development and growth of infrastructure companies through further investments. Based in Helsinki and Stockholm, its team of 13 professionals actively review hundreds of investment opportunities each year and seek to find the best possible solutions for developing and growing infrastructure businesses together with asset owners, management, personnel, and customers.

For more information, please contact:

Ville Poukka, Managing Partner, CapMan Infra, tel. +358 50 572 9120

About CapMan

CapMan is a leading Nordic private asset expert with an active approach to value creation and over €5 billion in assets under management. As one of the private equity pioneers in the Nordics we have developed hundreds of companies and assets creating significant value for over three decades. Our objective is to provide attractive returns and innovative solutions to investors by enabling change across our portfolio companies. An example of this is greenhouse gas reduction targets that we have set under the Science Based Targets initiative in line with the 1.5°C scenario and our commitment to net-zero GHG emissions by 2040. We have a broad presence in the unlisted market through our local and specialised teams. Our investment strategies cover real estate and infrastructure assets, natural capital and minority and majority investments in portfolio companies. We also provide wealth management solutions. Our service business includes procurement services. Altogether, CapMan employs around 200 professionals in Helsinki, Jyväskylä, Stockholm, Copenhagen, Oslo, London and Luxembourg. We are listed on Nasdaq Helsinki since 2001. www.capman.com

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