Nordic real estate private equity firm Sveafastigheter has held the third and final close in its latest fund, Sveafastigheter Fund III. Including previous commitments, the fund has now received capital commitments totalling EUR 317 mln.

Sveafastigheter Fund III is an opportunistic fund focusing on real estate investments in the Nordic/Baltic countries, primarily Sweden and Finland. Participants in the final closing mainly consist of leading global institutional investors. The commitments are divided equally between Nordic, other European and non-European, mainly American, investors.

Sveafastigheter Fund III has made four acquisitions in Sweden and Finland within the hospitality, office and logistics segments. Close to 10% of the fund's equity has been invested.

'We are very pleased about reaching our target and raising almost twice as much as our two previous funds combined, despite a very challenging fund raising environment,' said Simon de Château, CEO at Sveafastigheter.

Placement agents for Sveafastigheter's third fund were London-based First Avenue Partners, Park Madison Partners of New York and Leimdörfer, headquartered in Stockholm. Legal adviser to the fund was Vinge Law Firm of Stockholm.