Niam closes eighth flagship fund with EUR 805 million in capital

Niam, a leading real estate fund manager in the Nordics, is pleased to announce the final close of Niam Nordic VIII. The fund has successfully secured EUR 805 million in equity commitments, excluding co-investment capital. This milestone establishes Niam Nordic VIII as the second largest opportunistic fund in Niam's history. Over the past 12 months, the team has successfully deployed a majority of this capital into primarily the Nordic residential and logistics sectors along with other opportunity driven investments.  

“We are proud to have raised our second-largest fund in this challenging fundraising environment. This was only possible with the continued support from our long-term investors. In addition, we welcomed several new investors with which we look forward to building long-lasting partnerships. Our priority remains to deliver strong and consistent performance for our investors, and we take pride in our continued success in this area," said Jennifer Andersson, Managing Partner at Niam.  

Niam Nordic VIII is an opportunistic fund, targeting high-growth real estate sectors across the Nordics. As part of a sector-agnostic fund series, the predecessor funds have consistently delivered attractive risk-adjusted returns through different market cycles. In its latest vintage, Niam Nordic VIII has notably allocated significant capital to the residential and logistics sectors.

Niam Nordic VIII has garnered support from a global and diverse investor base which includes some of the world’s largest institutional investors from Asia, North America, Europe, Middle East and the Nordics represented by pension funds, sovereign wealth funds, insurance companies, foundations and family offices. Niam’s 25-year track-record, the experience of our local teams and prudent deployment in this dynamic Nordic real estate market remain key to investors’ continued appetite for Niam’s flagship strategy.

Henrik Gerdin, Niam Fund Manager, notes, "Niam Nordic VIII is dedicated to building unique sets of real estate portfolios with an emphasis on the residential and logistics sectors. In addition to the investments made to date, Niam has several transactions in due diligence and we anticipate that Niam Nordic VIII will be fully deployed during the first half of 2025. Our aim is to achieve high returns through execution of various business strategies, including portfolio optimization, active asset management, and development projects."