CapMan Infra Management Oy

CapMan Infra Management Oy

CapMan Infra Management Oy operates as the infrastructure investment unit of CapMan, a Helsinki-based private assets manager founded in 1989 and listed on Nasdaq Helsinki. The infrastructure team was established in response to growing investor appetite for real assets, with Joakim Friman as Partner and Head of Infrastructure. The firm leverages CapMan's decades-long Nordic institutional client relationships. CapMan Infra targets mid-market infrastructure equity and debt investments across the Nordic region. Its asset-class mix includes energy transition and renewables, digital infrastructure (data centers, fiber), and essential public-service assets. The firm typically seeks control or co-control stakes in assets with stable cash flows and clear operational improvement potential. Portfolio holdings have included investments in Finnish district heating and Swedish renewable energy platforms (per CapMan's official website, 2025). Geographic focus is Sweden, Finland, Norway, and Denmark. CapMan Group reported total assets under management above €5B across all strategies in 2024 (per CapMan's blog, 2024). CapMan Infra Management Oy's exact infrastructure AUM is undisclosed. The team is based in Helsinki and draws on CapMan's broader platform including its procurement and infrastructure advisory teams. CapMan also operates real estate, private equity, and credit units. The firm's philanthropic posture is through a separate foundation managed by CapMan Group. CapMan Infra Management Oy's structural differentiator is its integration into a publicly listed multi-asset Nordic manager, providing institutional firepower and a pipeline of co-investment opportunities alongside CapMan's broader private equity and real estate platforms. It competes directly with independent Nordic infra managers while offering the diversified resources of a larger listed group.