Fundraising Fox

CapMan

Private equity

Helsinki · Series A–Late Stage · 4 people tracked

Also known as CAPMAN AB · CAPMAN CAPITAL MANAGEMENT LTD · CAPMAN INFRA MANAGEMENT OY · CAPMAN REAL ESTATE LTD · CMRF ADVISORS OY

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Investment thesis

CapMan positions itself as a Nordic private markets pioneer, investing across real estate, infrastructure, natural capital, real asset debt and unlisted Nordic companies. It emphasizes active ownership and deep industrial expertise to develop leading Nordic businesses and resilient real assets. The firm combines local market knowledge with a hands-on approach to drive long-term value creation, strategic growth and sustainability. Sustainability is embedded across investment activities, with a focus on measurable outcomes, responsible governance and support for thriving communities and healthy environments. CapMan also offers holistic wealth management services spanning global public and private markets, aiming to build value for the enrichment of society.

Source: firm website, verified Aug 11, 2026.

Stage
Series A–Late Stage
Check
$2.2M – $64.8M
HQ
Helsinki, FI
Instruments
Debt · Equity
Founded
1995
Private fund assets
$1.5B
Tracked investments
16

Team · 4 people

from public directories

Investments · 16 tracked

founders shown can be your intro path
Elenia
Groweo
Haminan Energia
HeliAir Sweden
Innofactor
Koiviston Auto
Kolo DC
Loviisan Lämpö
Napier
Niemi Services
Norled
Nydalen Energi As
ProPellet
Skarta Energy
TerraWise
Valokuitunen

Fund performance · per public LP disclosures · 2

as of Sep 2025
FundVintageCommittedNet IRRTVPIDPI
CAPMAN NORDIC RE III FCP RAIFLPs: Los Angeles County Employees Retirement Association2021-1.3%0.97x0.02x
CapMan Nordic Real Estate Fund IILPs: Los Angeles County Employees Retirement Association20177.6%1.32x0.70x

Source: public limited-partner disclosures (CalPERS, CalSTRS). Net IRR / TVPI / DPI as reported by the limited partner; a fund's early-year IRR is an interim estimate (J-curve).

Frequently asked questions

What stage does CapMan invest at?
CapMan invests at the Series A, Series B, Series C, Growth, Late Stage stages.
What is CapMan's typical check size?
CapMan typically writes checks of $2.2M – $64.8M.
What sectors does CapMan focus on?
CapMan focuses on Advanced Manufacturing, Biotech, Cleantech, Climate Tech, Data & Infrastructure, Energy, Enterprise Software, Hardware, Healthtech, Impact & Social Good, Medical Devices, Mobility & Transportation, New Materials, PropTech, SaaS, Semiconductors.
Where is CapMan located?
CapMan is headquartered in Helsinki, FI.

Images

CapMan photoCapMan photoCapMan photo

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