Events and fundraising update
CapMan’s Nordic Advisor Network held its annual meeting in Stockholm on 27 March and the Annual General Meeting of CapMan Plc was organised on 29 March. CapMan Technology 2007 fund had raised EUR 127 million at the second closing on 30 March and CapMan RE II fund reached approx. EUR 600 million investment capacity at the final closing on 3 April.
Nordic Advisor Network Meeting, Stockholm
The annual meeting of CapMan’s Nordic Advisor Network was held in Stockholm on 27 March 2007. CapMan has a Nordic Advisor Network to complement the expertise of its investment professionals. Advisors are business leaders with long careers, and they bring new connections and in-depth sector knowledge to CapMan’s investment operations. Senior and Industrial Advisors have played a key role in the investments in Maintpartner, Moventas, Synerco, Solagem/Sentera and Nordkalk, among others.
CapMan Technology 2007 fund
CapMan Technology 2007 fund had its successful second closing at EUR 127 million on 30 March 2007. The investment focus of the new fund is on expansion and later stage technology companies in the Nordic countries.
CapMan RE II fund
CapMan RE II fund reached an investment capacity of approx. EUR 600 million at the final closing on 3 April 2007. Four new investments have been made from the fund since its establishment. CapMan RE II is the first private equity fund in Finland that has focus on property development targets. Property development comprises the development of property zoning, construction of new projects and functional development of properties. Investments are directed at commercial properties and logistics projects in particular, but the fund may also invest in office premises, industrial properties, hotels, residential projects and public administrative premises. In addition to property development targets the fund may also make selected investments in finished real estate targets.