Niam AB, a private equity real estate firm based in Stockholm, has launched its next Nordic-focused real estate fund, Niam Nordic VII KB, according to a filing with the SEC. The firm did not comment on its fundraising efforts. A fundraising target for the fund was not disclosed in the filing.
The firm’s real estate funds target property investments in all sectors primarily in Sweden, Norway, Finland and Denmark.
The previous fund in the series, Niam Nordic VI, was an opportunistic fund that raised €800 million ($926 million) in equity commitments in its 2015 vintage year. Niam Nordic V raised €719 million in equity commitments in its 2011 vintage year.
As of June 30, 2017, Niam had a total of roughly €3.5 billion ($4.05 billion) in assets under management in all sectors across the Nordic region.