CapMan Oyj
CapMan is a leading Nordic private asset management and investment company, focusing on private equity, real estate, and infrastructure investments. The company aims to increase its assets under management to EUR 10 billion by 2027, leveraging strategic acquisitions and disciplined capital deployment. CapMan's operations are based on long-term agreements, providing predictable fee income and strong asset performance. The company is headquartered in Finland and operates across the Nordics, Germany, Luxembourg, and the UK.
Fiscal year 2025 · change from previous year
Development 2021–2025
Business
Share of revenueInvestments in private companies for growth and buyouts
Investments in real estate properties across the Nordics
Investments in infrastructure projects and assets
Management of funds and assets for institutional investors
Customers
CapMan serves a diverse range of institutional investors, including pension funds, insurance companies, and family offices. These clients are primarily located in Europe, North America, and Asia, seeking stable returns and portfolio diversification. The company's long-term agreements with clients provide predictable fee income. CapMan's focus on sustainability and strong asset performance attracts investors looking for responsible investment opportunities.
Invest in private equity, real estate, and infrastructure for stable returns
Seek portfolio diversification and long-term growth
Focus on long-term investments with predictable income
Interested in responsible and sustainable investment opportunities
Strategy
CapMan's strategic priorities include increasing assets under management to EUR 10 billion by 2027 through strategic acquisitions and new product launches. The company focuses on scaling its real asset investment strategies and enhancing its sustainability credentials. CapMan aims to maintain strong asset performance to enable successful exits even in challenging market conditions. The company also emphasizes disciplined capital deployment and long-term agreements to ensure predictable fee income.
To enhance market position and scale operations
To capture growth opportunities in real estate and infrastructure
To attract responsible investors and improve asset performance
Geography
Q3/2025CapMan operates primarily in the Nordic region, with significant investments in Finland, Sweden, Norway, and Denmark. The company also has a presence in Germany, Luxembourg, and the UK, allowing it to access a broad range of investment opportunities. The stable political environment and strong private equity markets in the Nordics make it an attractive region for institutional investors globally. CapMan's geographic diversification helps mitigate regional risks and enhances its investment portfolio's resilience.
Risks
CapMan faces several risks, including geopolitical uncertainties that may affect investment decisions and fundraising activities. Market risks such as interest rate fluctuations and changes in asset valuations can impact returns. The company also faces strategic risks related to achieving its growth targets and maintaining competitive advantage. Additionally, reputational risks from negative public perception and compliance with sustainability requirements are significant.
- Geopolitical uncertaintiesImpact: HighLikelihood: Medium
Affect investment decisions and fundraising activities
- Strategic risksImpact: HighLikelihood: Medium
Challenges in achieving growth targets and maintaining competitive advantage
- Market risksImpact: MediumLikelihood: Medium
Impact returns through interest rate fluctuations and asset valuations
- Reputational risksImpact: MediumLikelihood: Low
Negative public perception and sustainability compliance issues
Accounting
Judgemental itemsEnsure transparency and accuracy in investment valuation
Improve comparability between periods
Provides predictability through long-term agreements
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Last updated: 24/09/2026