Key Takeaways
- • Storebrand Asset Management has increased the target fundraising size for Storebrand Nordic Real Estate Fund II (SNRE II) following its second closing on 19 December 2025, driven by strong investor demand.
- • The fund is now targeting a size closer to its hard cap of EUR 500 million, up from an initial target of EUR 300 million established at first close (approximately EUR 200 million raised).
- • SNRE II is positioned as a core plus real estate fund focused on Nordic markets, with a stated mandate to support green transition investments across the region.
- • The fund's expansion reflects robust institutional appetite for Nordic real estate assets and demonstrates successful capital deployment by Storebrand Asset Management in the alternative real estate space.
Summary
Storebrand Asset Management has raised the target size for Storebrand Nordic Real Estate Fund II (SNRE II) following strong investor interest at the fund's second closing on 19 December 2025. The fund, which initially targeted EUR 300 million, is now increasing its fundraising objective to a level materially closer to the fund's hard cap of EUR 500 million.
The fund achieved approximately EUR 200 million at its first close and has now completed a second closing that has generated sufficient additional commitments to justify expanding the target. This capital raise underscores sustained institutional investor confidence in Nordic real estate opportunities, particularly within the core plus segment of the market. Storebrand Nordic Real Estate Fund II is structured as a core plus vehicle, a strategy that typically balances stable, income-generating properties with value-add and opportunistic investments.
Storebrand Real Estate positions itself as a gateway for local and international investors seeking exposure to Nordic real estate with an explicit focus on supporting the green transition. The fund's expanded target and approach toward the hard cap suggest that Storebrand has successfully identified sufficient deal flow and investor appetite to scale the vehicle beyond its initial expectations. The timing of this increase, following the December 2025 closing, indicates acceleration in Nordic real estate market activity and sustained capital availability from institutional sources.
The fund achieved approximately EUR 200 million at its first close and has now completed a second closing that has generated sufficient additional commitments to justify expanding the target. This capital raise underscores sustained institutional investor confidence in Nordic real estate opportunities, particularly within the core plus segment of the market. Storebrand Nordic Real Estate Fund II is structured as a core plus vehicle, a strategy that typically balances stable, income-generating properties with value-add and opportunistic investments.
Storebrand Real Estate positions itself as a gateway for local and international investors seeking exposure to Nordic real estate with an explicit focus on supporting the green transition. The fund's expanded target and approach toward the hard cap suggest that Storebrand has successfully identified sufficient deal flow and investor appetite to scale the vehicle beyond its initial expectations. The timing of this increase, following the December 2025 closing, indicates acceleration in Nordic real estate market activity and sustained capital availability from institutional sources.
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