ICECAPITAL to build a private equity program investing in Finland together with Finnish foundations

ICECAPITAL Asset Management has launched a private equity fund-of-funds program investing in Finland, in cooperation with Finnish foundations. The anchor investors of ICECAPITAL Finland Private Equity I, the inaugural fund of the program, include the Society of Swedish Literature in Finland, the Finnish Cultural Foundation, the Jenny and Antti Wihuri Foundation, the Alfred Kordelin Foundation, and the Confederation of Finnish Industries and Employers (TT) Foundation. The program is underpinned by Finnish foundations’ desire to create a positive force for change in the national economy. “The growth of Finnish companies is something we care deeply about, and we want to play our part in fostering the conditions for growth in our country. We believe that the vitality of the Finnish economy calls for courage in allocating growth capital, including from us as institutional investors”, says Björn Teir, CEO of the Society of Swedish Literature in Finland. The program will selectively invest in Finnish private equity funds, covering buyout, growth equity and venture capital strategies. Each individual vintage will comprise approximately 10-14 high-quality Finnish funds. “Finland is home to many top-tier funds managed by excellent teams, with a track record that holds up to international comparison. It is a matter of pride for us to be launching this program together with the foundations, and we will continue fundraising in the institutional investor market toward the fund’s EUR 100 million target size”, says Taneli Törmänen, Partner responsible for client relations at 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 private equity, private debt, and real estate funds with a combined investment capacity exceeding EUR 3 billion. ICECAPITAL Asset Management serves institutional investors, family offices, and professional private investors. Further information:Taneli TörmänenTel. +358 44 246 5304Email:

ICECAPITAL Real Estate Club I Ky to acquire the Seafarers’ Pension Fund’s commercial property portfolio

ICECAPITAL Real Estate Club I Ky has agreed with the Seafarers’ Pension Fund (Merimieseläkekassa, MEK in Finnish) on the acquisition of nearly its entire commercial property portfolio and its investment into the ICECAPITAL Real Estate Club I Fund. The transaction comprises six properties in total covering 27,000 leasable square meters in Helsinki, Espoo and Turku. In connection with the transaction, the fund completed its first closing and MEK will continue as the fund’s largest investor. The fund’s strategy is to invest selectively in high-quality commercial properties located in central urban areas with value creation potential. The acquired properties include, among others, a shopping centre in Tapiola, the most vibrant area in the Helsinki metropolitan region, as well as a recently and thoroughly refurbished office property in central Helsinki. The locations and uses of the properties support the fund’s objective of building a diversified, stable-yielding real estate portfolio in prime locations. “The cooperation with ICECAPITAL supports the determined and sustainable long-term development of our commercial property portfolio. Through this arrangement, MEK is executing its strategy-driven transition towards indirect real estate investing while also realizing capital for other investments aligned with its new strategy”, comments Sauli Hämäläinen, Chief Investment Officer of the Seafarers’ Pension Fund. “We are pleased to begin our cooperation with the Seafarers’ Pension Fund in real estate. The property market has undergone an unprecedented transformation in recent years. Office occupancy rates have declined significantly and yield requirements have risen across the board in all property classes. We believe, however, that through active ownership and determined development of the properties we will secure their competitiveness from the perspective of both tenants and investors”, states Jussi Tanninen, Chief Investment Officer of ICECAPITAL. For more information:  Jussi Tanninen, Tel. +358 40 563 1937 Email: jussi.tanninen@icecapital.fi Distribution: www.icecapital.fi

Open Position: Portfolio Manager, Commercial Real Estate

ICECAPITAL is expanding its real estate platform into commercial properties. We are looking for a driven professional to take ownership of our initial Helsinki-region portfolio and grow with the business. RESPONSIBILITIES QUALIFICATIONS WHAT WE OFFER HOW TO APPLY Apply: am.careers@icecapital.fi Questions: Jussi Tanninen, +358 40 563 1937 Deadline: 15 April 2026, applications reviewed on a rolling basis

ICECAPITAL Asset Management Reaches First Close on Two New Funds, Exceeding €300 Million in Combined Investment Capacity

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

Lifeline Ventures partnered with ICECAPITAL for its latest €400M Fund VI

Lifeline Ventures, the Helsinki-based venture capital firm, partnered with ICECAPITAL Asset Management to support the formation of its new €400 million Fund VI, the largest venture fund ever raised in Finland. The partnership focused on broadening the investor base among Nordic professional investors. “We are proud to work alongside the Lifeline Ventures team and to have finalized the project ahead of schedule, with client interest exceeding the fund’s hard cap. Our role was to bring together leading local professional investors and enable their access to one of the region’s most dynamic venture capital teams. We are also pleased that Fund VI allows Lifeline to participate more broadly in later-stage rounds, where the team has built a strong position to capture attractive upside while maintaining its core early-stage focus,” said Lauri Vaittinen, CEO of ICECAPITAL Asset Management. ICECAPITAL Asset Management is a Helsinki-based boutique asset manager founded in 2005 with a cumulative investment capacity of around €3 billion. At the core of its values is working with passion and continuously striving to be the best in the industry. In 2024, ICECAPITAL was recognized as the best company in its field in the Alternative Managers study conducted by Scandinavian Financial Research. ICECAPITAL is an independent, employee-owned group specializing in investment banking and fund asset management. The group employs over 30 professionals in Finland and Sweden.

ICECAPITAL advised Solör Bioenergi AB

ICECAPITAL advised Solör Bioenergi AB on the acquisition of E.ON’s district heating assets in Åkersberga (January 2025) and subsequently Vallentuna (July 2025) with a combined annual output of c. 140 GWh.