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Finnish private equity firm creates Nordic infra division

Eager to exploit rising investor appetite in the region, CapMan is considering the launch of an infrastructure fund.

Finland-based buyout house CapMan is set invest in infrastructure for the first time as it seeks to match growing investor demand for the asset class in the Nordics.

The firm, which typically makes buyout, growth equity and real estate investments, said the creation of the new infrastructure division is part of its new growth strategy. CapMan Infra will be led by Ville Poukka, who currently heads the energy and infrastructure team at Danske Bank. Poukka will join CapMan in Q2.

The new venture will begin seeking out deals from Nordic infrastructure asset owners for its current investors through separate accounts, mainly in Sweden and Finland. However, CapMan said it will consider the launch of a dedicated infrastructure fund once some investments have been sourced.

“Many investors look to allocate more capital into real assets in the current investment environment,” said Joakim Frimodig, director for strategic growth initiatives at CapMan. “There is high investor appetite for Nordic mid-cap infrastructure assets, but relatively few asset managers that are actively covering this space.”

CapMan will be aiming to secure mid-market deals in the energy, transportation and telecommunications sectors.

“We have charted the market for a while and when the key person was found, everything came together. Now is a good time to implement our growth strategy based on active ownership in this new investment area,” Frimodig added.