Mandatum Asset Management has signed an agreement concerning the purchase of real estate fund management company Trevian Funds AIFM Ltd. In connection with the transaction, Trevian’s entire fund management business, including the personnel employed by the company, will transfer to Mandatum Asset Management.
Recommended AI News: Cisco Completes Acquisition Of Kenna Security
Trevian Funds AIFM is a Finnish privately owned real estate fund management company that currently manages two funds: Trevian Finland Properties I and Trevian Carbon Sink Real Estate I Ky. Established in 2017, Trevian Funds AIFM has more than EUR 300 million in assets under management.
Trevian Funds AIFM and Mandatum Life launched a commercial partnership in 2018, when Trevian’s special common fund Trevian Finland Properties I was included in Mandatum Life’s range of investment objects offered to customers and the company’s real estate investment programmes.
“We know Trevian well as a company, as we have several years of collaboration behind us. Trevian’s excellent knowledge of real estate made it a natural acquisition for us,” says Mandatum Asset Management’s CEO Lauri Vaittinen.
Recommended AI News: Amity Sets Sights On European Expansion
“I am very pleased that our years of close and growing cooperation with Mandatum are now leading to a new phase in which Trevian Funds AIFM will get a strong new owner, ensuring the continued growth of the company. Trevian’s real estate expertise and Mandatum’s strong position in the capital markets guarantee excellent success in the real estate investment market. We hope to continue the cooperation with other Trevian companies even after the transaction”, says Reima Södervall, Chairman of the Board and Founding Partner of Trevian Funds AIFM.
“The transfer of the business to Mandatum Asset Management will enable the strong growth of our real estate fund business also in the future and offer our team a vantage point in a prestigious group. We are looking forward to this cooperation”, says Emilia Riikonen, CEO of Trevian Funds AIFM.
Ownership of Trevian Funds AIFM will transfer to Mandatum Asset Management in the course of autumn 2021. The acquisition is subject to approval by the Finnish Financial Supervisory Authority.
Recommended AI News: Outreach and Sales Hacker Launch New Podcast Focused on Revenue Innovation
Comments are closed.