The Aged Care Fund IV invests in care homes and senior housing across the Nordics. The fund’s strategy is built on the global demographic megatrend of an ageing population which is generating strong growth in the underlying aged care real estate sector. Currently, Northern Horizon already manages EUR 800 million in healthcare assets.
The success of the fundraise confirms the fund’s value proposition – a potential for long-term capital growth and a commitment to help solve a societal challenge by providing good quality living conditions for the seniors.
New investors include institutional investors from continental Europe and the Nordics as well as private wealth capital.
We are very excited to see the continued support from existing investors, and we welcome our new investors who are keen to have a presence in the social infrastructure space and are attracted to our ambitious ESG-goals, commented Milda Dargužaitė, CEO, Northern Horizon.
The fund has committed to several aged care assets in Denmark and Finland.
We are confident about the investment strategy, and we have a solid pipeline of attractive investment opportunities, added Riikka Moreau, Fund Manager in charge of Aged Care for Northern Horizon.
About Northern Horizon
Northern Horizon is an independent real asset manager with a strategic focus on the elderly care sector in the Nordic region. Since 2007, Northern Horizon has acquired more than 120 care homes across the Nordics.
Northern Horizon manages real estate funds and separate accounts with over EUR 1b in assets for leading European financial institutions and private wealth capital including pension funds, insurance companies, banks, asset managers, corporate investors, charity foundations and family offices. https://www.nh-cap.com
About Aged Care Fund IV
Nordic Aged Care Fund IV was launched in 2020. The fund is Northern Horizon’s fourth specialized care home fund. The Fund’s strategy is to acquire modern aged care assets across the Nordics which are let on long-term leases to strong private or public sector operators. The first closing was held in April 2021 at circa EUR 100m of capital commitments. The target fund size is EUR 400m enabling EUR 800m of investment capacity.