Sweden's Niam Closes Record €719M Nordic Property Fund

Law360, New York (May 9, 2012, 3:29 PM EDT) -- Swedish private equity powerhouse Niam AB closed on a new real estate investment fund, which, at €719 million ($930 million), represents the biggest Nordic property fund in the world, according to an announcement Wednesday.

Niam Nordic V is the fifth in Niam's series of opportunistic property funds, according to a statement the private equity firm issued Wednesday. The new fund, which is already about 15 percent invested, will target commercial and residential properties in the Nordic countries, which consist of Sweden, Finland, Norway and Denmark....
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