Responsible real estate investments in Nordic healthcare and social infrastructure
Independent asset management since 2001
Hear reflections on the social value created through investments in aged care and get a sense of the living environments and quality of life offered in modern care homes in the Nordics in this on-site video interview with Group CEO Christoffer Abramson.
Northern Horizon is a Nordic-based real estate investment manager. We invest institutional capital in new, modern, and sustainable aged care homes and other social infrastructure assets in the Nordic region. We have been pioneers in this segment for 20 years.
Our investor base includes European and global institutional investors - through direct investments or via multi-managers.
We work closely with developers, municipalities and the most established private operators across the Nordic region.
We add new supply and provide modern, sustainable care and living environments to communities with a sustained shortage of care beds.
The Nordic population is ageing rapidly, and more elderly citizens will need specialized housing and care. The need for new care homes requires significant investments. Helping society care for its elders and contributing to alleviate the growing structural undersupply of modern, sustainable care beds in the Nordics are key drivers for our strategy.
Today, Sweden, Denmark, Norway, and Finland have a combined population of 28 million. By 2050, the region’s total population is expected to increase by around 700,000, while the population aged 75 and over is projected to grow by 1.9 million. Meeting the growing need for care beds over the next 25 years, will require over EUR 3 billion in annual investment.
This critical societal challenge can only be met through a combination of public and private capital, and through public and private cooperation.
For institutional investors, the asset class represents an investment case where social impact and long-term investment performance go hand in hand.
Northern Horizon announced today that an official commitment letter has been submitted to the SBTi, declaring Northern Horizon’s intention to set net-zero targets with the Science Based Targets initiative (SBTi).
Following a busy spring on the asset acquisitions front, Northern Horizon, the leading specialized social infrastructure asset manager in the Nordics, has signed another transaction in Helsinki, Finland, for its Aged Care Social Infrastructure Fund. A converted and fully renovated asset has been acquired from Schroder Real Estate Kapitalvervaltungsgesellchaft MBH. The asset includes 80 modern care beds for elderly and disabled residents and is located in one of the most attractive residential areas in Helsinki. The acquisition is expected to be completed during August.
Northern Horizon, leading specialized social infrastructure asset manager in the Nordics, is further strengthening its position in Denmark through the acquisition of an attractive development project in Kerteminde Municipality for its latest fund, the Aged Care Social Infrastructure Fund (ACSIF). The project comprises a new care home and 16 separate senior living units, with a transaction value exceeding DKK 300 million. The seller is Skjøde.
Northern Horizon, the leading specialized social infrastructure asset manager in the Nordics, announces the completion of EUR 130 million of acquisitions in social infrastructure assets across its three core markets, Sweden, Denmark, and Finland. In six individual off-market deals, six assets have been acquired on behalf of its flagship Aged Care Social Infrastructure Fund (ACSIF). The Fund invests in essential social infrastructure assets in the Nordics with long-term, stable cashflows.
Northern Horizon, the leading specialized social infrastructure investment manager in the Nordics, closed the first quarter of 2026 with another funding round of approx. EUR 100 million for its flagship evergreen platform, Aged Care Social Infrastructure Fund (ACSIF). The new equity is raised from MN on behalf of PME, a large Dutch pension manager. This combined with the commitment from MN’s other client PMT of EUR 100 million, meant that Northern Horizon closed out EUR 200 million of new equity for ACSIF in the first quarter of 2026 from MN. Further top ups were made also from existing clients.
Northern Horizon, the leading specialized social infrastructure asset manager in the Nordics, continues its impact-driven efforts to deliver modern care facilities to the undersupplied Nordic markets. Over the past two months, three separate acquisitions in Finland have been completed, all forward funding deals, representing a total transaction value of approximately EUR 28 million. All three deals have been completed for Aged Care Social Infrastructure Fund (ACSIF), Northern Horizon’s evergreen healthcare fund which is backed by a growing international institutional investor base. Northern Horizon’s Investment Director in Finland expects more acquisitions for ACSIF soon.
2026 special report from SHHA, focusing on the senior housing and healthcare real estate market across Europe.
Northern Horizon, the leading specialized social infrastructure investment manager in the Nordics, has completed an additional capital raise of EUR 140 million for its flagship ACSIF fund. With the new equity from MN, on behalf of PMT, and from UBS Asset Management, ACSIF surpasses EUR 1 billion in assets under management. The new equity will be used to finance a large portfolio acquisition in Sweden and to support the execution of an exceptionally robust pipeline in all its core markets.
Northern Horizon today announced a change in its ownership structure, introducing a partnership model.
Northern Horizon, the leading specialized social infrastructure asset manager in the Nordics, continues to deploy capital to help meet the growing demand for modern care facilities in the region. Over the past month, three new acquisitions for its latest healthcare fund have been completed in Finland, comprising 132 modern, purpose-built care beds in total. Northern Horizon’s Investment Director in Finland expects a high deal volume in 2026.
Our new ESG Playbook provides an inside look at our approach to ESG in ACSIF and the extensive work behind building a long-term sustainable portfolio of social infrastructure assets.
We invest in real estate on behalf of our investors. We take this responsibility very seriously, also when it comes to sustainability and lasting utility. We prioritize assets that are environmentally responsible, resilient, and modern - designed for long-term value creation for both investors and society.
Our healthcare funds are classified as SFDR Article 8 funds, and we apply strict sustainability criteria to all investment decisions and continue to invest in energy efficiency and emissions reduction to ensure a resilient, low-carbon portfolio.
