- ICECAPITAL Global Private Debt reaches first close, developed in strategic partnership with StepStone Group
- ICECAPITAL Housing Fund VII reaches first close, continuing Finland’s leading residential real estate fund program
- Combined investment capacity from the two first closes exceeds €300 million
ICECAPITAL Asset Management announces the successful first close of two new funds:
ICECAPITAL Global Private Debt and ICECAPITAL Housing Fund VII. Together, the funds have secured a combined investment capacity exceeding €300 million from over 30 investors, including mutual pension insurance companies, pension funds, endowments, insurance companies, family offices and other institutional investors. The result is a strong demonstration of investor confidence at a time when market conditions remain demanding.
ICECAPITAL Global Private Debt is a next-generation private debt solution developed in strategic partnership with StepStone Group, a leading global private markets investment firm. The fund draws on StepStone’s global infrastructure, sourcing network and market intelligence, while portfolio management and investment decisions are carried out by ICECAPITAL. Having invested in private debt strategies since 2011, ICECAPITAL team has built deep expertise across market cycles and is well-positioned to identify and capture attractive opportunities in the current credit environment.
ICECAPITAL Housing Fund VII continues ICECAPITAL’s track record as Finland’s leading residential real estate investor. With new residential construction at historically low levels, the fund will invest in building new apartment buildings, generating housing supply and creating employment across the construction sector and beyond.
“Closing €300 million investment capacity across two new funds in the current environment reflects both the trust our investors place in us and the strength of our platform. With Housing Fund VII, we are doubling down on Finland, building homes, creating jobs, and delivering for our investors through active development even when others step back. With Global Private Debt, we are excited to put our expertise to work in a market that is offering some of the most attractive opportunities in years.”
Lauri Vaittinen, CEO, ICECAPITAL Asset Management
ICECAPITAL Asset Management is a licensed alternative investment fund manager and part of the independent, employee-owned ICECAPITAL Group. Since 2006, ICECAPITAL has established fourteen closed-end private equity, private debt and real estate funds with a total investment capacity exceeding €3 billion. ICECAPITAL Asset Management serves institutions, family offices and professional private investors across real estate, private debt and other private market strategies.
For more information:
Lauri Vaittinen, Tel. +358 50 382 1674 Email: lauri.vaittinen@icecapital.fi
Wisa Majamaa, Tel. +358 40 826 1001 Email: wisa.majamaa@icecapital.fi
Distribution: www.icecapital.fi
