Niam has completed the first closing of its fifth opportunistic real estate fund, Niam Nordic V, AltAssets reports. The Swedish private equity firm has raised €125 million of capital from mainly North American and European institutional investors.
The vehicle has a target fund size of €600 million, providing a total investment capacity of about €2.2 billion. The fund will focus on commercial real estate in the Nordic and Baltic regions, including office, retail and logistics.
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