Nordika makes rapid first close of its latest special situations real estate fund
Nordic-focused fifth vintage raises around €300m in just a few months in a generally challenging environment.
Nordika today announced the first close of its latest special situation real estate fund, Nordika Fund V AB (“NV”). Based on its strong historic performance and ability to maneuver through the recent challenging market conditions, Nordika has been able to secure commitments for the first close well above its Fund IV. Nordika’s fund IV is currently approximately 85% committed.
“With the ongoing complex and challenging real estate landscape, NV anticipates deep-value and special situation investment opportunities across the Nordics” said Jonas Grander, Chief Executive Officerof Nordika.”
Nordika believes that the current environment is likely to play to its strengths as a disciplined and flexible investor. NV will target opportunistic and value-add investments including direct real estate equity, recapitalizations, hybrid capital and real estate platforms in all real estate segments across Nordic countries.
