# CapMan Oyj

> Clarifo company profile — qualitative business description generated from
> the company's filings. Financial statements, charts and ratios are
> available on Clarifo (https://www.clarifo.com/en/companies/capman).

## Overview

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.

## Products & services

• Private equity investments
• Real estate investments
• Infrastructure investments
• Asset management services
• Fund management

- **Private Equity** (40%) — Investments in private companies for growth and buyouts
- **Real Estate** (35%) — Investments in real estate properties across the Nordics
- **Infrastructure** (15%) — Investments in infrastructure projects and assets
- **Asset Management** (10%) — Management of funds and assets for institutional investors

- Private equity investments
- Real estate investments
- Infrastructure investments
- Asset management services
- Fund management

## 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.

- **Institutional Investors** (primary) — Invest in private equity, real estate, and infrastructure for stable returns
- **Pension Funds** (primary) — Seek portfolio diversification and long-term growth
- **Insurance Companies** (secondary) — Focus on long-term investments with predictable income
- **Family Offices** (emerging) — Interested in responsible and sustainable investment opportunities

- Institutional investors seeking stable returns
- Pension funds looking for portfolio diversification
- Insurance companies interested in long-term investments
- Family offices seeking responsible investment opportunities

## Geography

CapMan 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.

- Primary operations in the Nordic region
- Significant presence in Germany, Luxembourg, and the UK
- Nordics offer stable political environment and strong private equity markets
- Geographic diversification mitigates regional risks

## 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.

- **Increase AUM to EUR 10 billion** (long-term) — To enhance market position and scale operations
- **Scale real asset strategies** (medium-term) — To capture growth opportunities in real estate and infrastructure
- **Enhance sustainability** (medium-term) — To attract responsible investors and improve asset performance

- Increase assets under management to EUR 10 billion by 2027
- Focus on scaling real asset investment strategies
- Enhance sustainability credentials
- Maintain strong asset performance for successful exits

## 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 uncertainties** [high] — Affect investment decisions and fundraising activities
- **Market risks** [medium] — Impact returns through interest rate fluctuations and asset valuations
- **Strategic risks** [high] — Challenges in achieving growth targets and maintaining competitive advantage
- **Reputational risks** [medium] — Negative public perception and sustainability compliance issues

- Geopolitical uncertainties affecting investment decisions
- Market risks from interest rate fluctuations and asset valuations
- Strategic risks in achieving growth targets
- Reputational risks from public perception and sustainability compliance

## Accounting

CapMan's financial reporting is based on IFRS standards, with a focus on fair value measurements for its investments. The company uses alternative performance measures to improve comparability between periods. Revenue recognition is primarily based on long-term agreements, providing predictability. CapMan's accounting policies have been reassessed due to structural changes, such as the discontinuation of segment reporting. The valuation of investments is based on international guidelines, ensuring transparency and accuracy.

- **Fair value measurements**
- **Alternative performance measures**
- **Revenue recognition**

- Financial reporting based on IFRS standards
- Focus on fair value measurements for investments
- Use of alternative performance measures for comparability
- Revenue recognition based on long-term agreements

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*Last updated: 2026-08-11T04:04:51.453997+00:00*