Osborne Clarke has advised Swedish real estate private equity firm Niam on the close of its €719 million Niam Nordic V fund. The total equity commitments makes this the largest Nordic opportunistic property fund.
The investors include global public and corporate pension funds, sovereign wealth funds, endowments and financial institutions.
Tim Simmonds, Investment Funds Partner, Osborne Clarke, said:
“In the current environment this is an excellent close, which exceeds Niam’s target by around 20%.
“Our funds practice is fast gaining recognition as a quality player in the market, and we are seeing more clients asking us to advise on substantial fund formations like this one.”
The OC team advising Niam was led by funds partner Tim Simmonds, assisted by solicitor Irina Sharay.
