CapMan is a private markets pioneer and leading asset management company in the Nordic region, with over 35 years of experience in building value for the enrichment of society.
CapMan employs approximately 200 professionals—referred to as "CapManians"—across its Nordic and European offices.
The firm's investment teams combine deep industrial expertise with strong analytical capabilities to identify and develop opportunities across private markets.
Buyout Team (Helsinki & Stockholm):
The Buyout team consists of seven investment professionals based in Helsinki and Stockholm:- Antti Karppinen, Managing Partner Buyout: Leads the buyout investment strategy
Real Estate Team:
This team focuses on acquiring, improving, and developing flexible real estate assets in major Nordic cities.
CapMan's investment professionals are supported by dedicated teams for Growth, Special Situations, Infrastructure, and Natural Capital strategies, each bringing specialized expertise to their respective asset classes.
CapMan is a private markets pioneer and leading asset management company in the Nordic region, with over 35 years of experience in building value for the enrichment of society.
The firm manages €7.1 billion in capital across four core investment strategies: real estate, infrastructure, natural capital, and private equity (including unlisted companies).
With Nordic roots stretching back more than three decades, CapMan has developed extensive global networks and a strong handprint across multiple markets.
As a responsible, active owner, CapMan focuses on creating sustainable long-term value through hands-on investment approaches.
The firm has earned a 5-out-of-5 sustainability rating from the Principles for Responsible Investment (PRI) for Investment & Stewardship Policy across all investment areas.
This commitment reflects their philosophy that building better organized, managed, and financially stable companies contributes to overall economic well-being and creates more jobs and innovations for society.
CapMan's investment philosophy emphasizes being a long-term, operational, and hands-on investor with a strong ambition to develop Nordic market leaders.
The firm's team of approximately 200 professionals combines extensive industrial experience, strong analytical skills, and sound business judgment to identify and develop the most attractive investment opportunities in the region.
Through their diverse investment strategies and wealth management services, CapMan provides investors with comprehensive access to private markets excellence.
The firm operates through multiple offices across the Nordic region and Europe, including Helsinki, Stockholm, Copenhagen, Oslo, London, Luxembourg, Jyväskylä, and Düsseldorf, positioning themselves strategically to serve their portfolio of 266 companies and assets.
CapMan offers comprehensive private markets investment solutions across multiple asset classes, serving both institutional investors and individual clients through tailored approaches:
Real Estate Investment: CapMan acquires transitional properties that can be enhanced through redevelopment or repurposing, focusing on flexible real estate in major Nordic cities.
The Real Estate team of more than 60 professionals operates across Helsinki, Stockholm, Copenhagen, Oslo, and London, seeking high-quality investments that generate risk-adjusted returns for investors.
Infrastructure Investment: The firm offers tailored solutions for local asset owners facing funding pressure or contemplating portfolio restructuring.
CapMan primarily invests from dedicated funds but also executes mandate-based investments in companies beyond the typical fund focus, providing flexible capital solutions for essential infrastructure assets.
Natural Capital Investment: CapMan manages sustainable timberland investments, natural sites, and forest carbon sinks, developing value in both Europe and emerging markets.
The firm views timberland and natural capital investment as environmentally and socially responsible activities that contribute to sustainable, low-carbon development while generating returns.
Private Equity Strategies: CapMan's private equity division operates three distinct strategies—Growth, Buyout, and Special Situations.
The Growth strategy partners with entrepreneurs to build category-leading companies, investing in established Nordic growth companies with strong entrepreneurial drive.
The Buyout team specializes in mid-market buyouts of unlisted companies in the Nordic countries, focusing on interesting growth stories and niche market leaders.
The firm brings strong experience in development and implementation of growth strategy, building international organizations, executing acquisitions, and arranging finance.
Wealth Management & Real Asset Debt: CapMan offers comprehensive wealth management services for public and private markets, providing investors with access to top investment solutions.
Additionally, the firm provides tailored real estate debt financing solutions to complement its equity investment strategies.
CapMan maintains a strong pan-Nordic and European presence through strategically located offices:
Nordic Headquarters & Offices:
European Offices:
This extensive geographic footprint enables CapMan to maintain close relationships with portfolio companies, source investment opportunities across multiple markets, and serve institutional and individual investors throughout the region.
The firm's real estate team particularly benefits from this presence, with professionals based across the major Nordic capital cities and London.
CapMan has established itself as one of the leading private markets firms in the Nordic region through 35 years of consistent investment performance and value creation:
Assets Under Management: The firm currently manages €7.1 billion in capital across its diversified investment strategies, representing significant growth and investor confidence in CapMan's capabilities.
Portfolio Scale: CapMan actively manages 266 companies and assets across real estate, infrastructure, natural capital, and private equity, demonstrating the breadth and depth of their investment activities throughout the Nordic region and beyond.
Sustainability Recognition: CapMan has earned a prestigious 5-out-of-5 sustainability rating from the Principles for Responsible Investment (PRI) for Investment & Stewardship Policy across all investment areas.
This top-tier rating reflects the firm's comprehensive integration of environmental, social, and governance (ESG) factors into investment decision-making and portfolio management.
Nordic Market Leadership: With more than three decades of experience, CapMan has developed extensive networks throughout the Nordic region and globally, positioning the firm as a go-to partner for private markets investments.
Their hands-on, operational approach has contributed to building better organized, managed, and financially stable companies that create jobs and drive innovation.
Regional Presence: The firm's strategic expansion across multiple offices—including Helsinki, Stockholm, Copenhagen, Oslo, London, Luxembourg, Jyväskylä, and Düsseldorf—demonstrates their commitment to serving investors and portfolio companies throughout the Nordic region and key European markets.
CapMan specializes in private markets investments across the Nordic region, with particular expertise in several key areas:
Private Equity Expertise: CapMan has deep experience in mid-market buyouts and growth equity investments in Nordic unlisted companies.
The firm looks for interesting growth stories and niche market leaders, applying operational expertise to build international organizations and execute add-on acquisitions.
Their private equity approach is characterized by active ownership, hands-on involvement, and strategic value creation through business development.
Nordic Market Focus: As a private markets pioneer in the Nordics, CapMan concentrates on investment opportunities throughout Finland, Sweden, Norway, Denmark, and the broader Nordic region.
This geographic focus allows the firm to leverage deep local market knowledge, extensive networks, and regional expertise while maintaining global connections.
Transitional Real Estate: In real estate, CapMan specializes in acquiring transitional properties that can be enhanced through redevelopment or repurposing.
The firm focuses on flexible real estate assets in major Nordic cities, applying active asset management to create value through property improvements and strategic repositioning.
Sustainable Investment: CapMan emphasizes responsible investing across all strategies, particularly in natural capital where the firm manages sustainable timberland investments, natural sites, and forest carbon sinks.
This commitment to sustainability extends throughout the portfolio, with CapMan viewing environmental and social responsibility as integral to long-term value creation and societal enrichment.
Active Ownership Model: The firm's investment philosophy centers on being a long-term, operational, and hands-on investor.
CapMan takes active ownership positions to execute decision-making power and drive medium-term value creation opportunities, particularly suitable for companies requiring rapid growth with strategic know-how, scaling activities with financial backing, or operational turnarounds.
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