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Nordic asset manager NREP raises EUR 1.9 billion in real estate bet, lures Danish pension fund on board

Nordic Real Estate Partners, an alternative asset manager based in Copenhagen, has raised USD 2.2 billion (EUR 1.9 billion) for a new fund that will invest primarily in housing and care homes across Scandinavia.
"In the current pandemic, Nordic real estate is attractive for global investors," Chief Executive Officer Claus Mathisen | Photo: Nicolai Lorenzen
"In the current pandemic, Nordic real estate is attractive for global investors," Chief Executive Officer Claus Mathisen | Photo: Nicolai Lorenzen
By Morten Buttler / BLOOMERG

NREP brought in a number of major pension funds, including New York State Common Retirement Fund, Los Angeles City Employees’ Retirement System (Lacers) and Denmark’s Industriens Pension, which oversees about EUR 25.5 billion.

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