# CapMan - Other Investment Areas

CapMan - Other Investment Areas is an Asset Manager based in Helsinki, Finland.

## Overview

- **Organization type:** Asset Manager
- **Headquarters:** Helsinki, Finland
- **Region:** Europe
- **Address:** Helsinki, Finland
- **Assets under management:** €7.2B
- **Website:** capman.com

## Regulatory record

- **Reports private funds:** No

## About

CapMan was established in Helsinki and grew into one of the Nordics' most recognized private asset management firms, operating through a publicly listed parent company. The firm's platform is built around multiple investment area silos, with the "Other Investment Areas" designation historically capturing niche strategies outside its core buyout, real estate, and infrastructure funds. Pia Kåll serves as CEO, leading the firm's strategic direction across its specialized teams. The firm's primary strategies span Nordic middle-market buyouts, value-add real estate across Finland and Sweden, and energy and transportation infrastructure. Its real asset funds have backed projects including wind farms and logistics facilities, while its growth and buyout teams have concentrated on sectors like healthcare services, industrial technology, and business services. CapMan typically structures investments through closed-end limited partnership funds, complemented by a publicly traded balance sheet that co-invests alongside external limited partners. Headquartered in Helsinki, CapMan draws institutional capital from European pension funds, endowments, and fund-of-funds, with total assets under management reported through Nasdaq Helsinki disclosures. The firm has operated additional offices in Stockholm and Copenhagen at various points. Its real estate arm, CapMan Real Estate, and its infrastructure strategy, CapMan Infra, each run independent fund series. The "Other Investment Areas" bucket has occasionally included minority stakes in listed Nordic companies, credit opportunities, and strategic joint ventures. CapMan's structural differentiator lies in its hybrid model: a publicly traded Nordic asset manager that competes against both private partnerships and government-linked investors in a concentrated regional market. This structure imposes transparency requirements uncommon among its private peers while granting permanent capital flexibility through its own balance sheet co-investment capability.

## People

- Pia Kåll — CEO

## Questions

### How does CapMan's public listing affect its investment operations?

CapMan Plc is listed on Nasdaq Helsinki, which subjects the firm to European market-abuse regulations, periodic financial reporting, and disclosure of its own balance-sheet investments. The firm uses its public equity as a co-investment vehicle alongside its closed-end fund limited partners, creating an alignment mechanism that differs from the fully private partnership model common among Nordic private equity peers.

### Does CapMan manage permanent capital vehicles alongside its closed-end funds?

Yes. CapMan's own publicly traded balance sheet functions as a permanent capital base that co-invests in the firm's funds and selected direct deals. This structure distinguishes CapMan from fully private Nordic general partners and gives the firm a recurring management-fee base independent of any single fund's life cycle.

## Related profiles

- [Capital Invest](https://altss.com/profile/capital-invest)

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Last updated: 2026-07-09T00:30:51.428Z

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