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ICECAPITAL Securities
ICECAPITAL is an independent, fully employee-owned group operating in the Nordic countries with a focus on investment banking, real estate private equity, and...
ICECAPITAL Securities
ICECAPITAL is an independent, fully employee-owned group operating in the Nordic countries with a focus on investment banking, real estate private equity, and asset management. The Group employs over 30 professionals across Helsinki and Stockholm. ICECAPITAL’s investment banking operations were established in 1999, offering innovative solutions for clients in mergers and acquisitions, debt financing, corporate reorganizations, share issues, and privatizations. The firm is one of the leading advisors in the energy, infrastructure, and TMT sectors. ICECAPITAL Securities Ltd is a licensed investment services firm regulated by the Finnish Financial Supervisory Authority and a member of Finance Finland. ICECAPITAL launched its private equity fund management business in 2006. As a pioneer in residential real estate investing, ICECAPITAL has delivered strong returns to its clients through ground-up development, active portfolio management, and timely exits. The company has established eleven real estate private equity funds with a total investment capacity exceeding €2.8 billion. ICECAPITAL REAM Ltd operates as a licensed alternative investment fund manager for these real estate private equity funds. In 2024, ICECAPITAL was recognized as the best company in its field in the Alternative Managers study conducted by Scandinavian Financial Research. In 2025, ICECAPITAL expanded its fund asset management business beyond real estate private equity funds. To lead this change, the company appointed a new team to start the operations in February 2025. The company's primary clients are institutions, family offices and professional private investors.
General information
Firm type
Bank / Wealth / Trust
Year founded
1999
AUM
Undisclosed
Location
Region
Europe
Country
Finland
City
Helsinki
Corporate office
Helsinki, Finland
Frequently asked questions
What is ICECAPITAL Securities' primary business?
ICECAPITAL Securities is a FIN-FSA regulated investment firm providing fixed-income brokerage, market-making, and asset management services. Its core activity is institutional fixed-income intermediation, with particular focus on Finnish and Nordic sovereign bonds, covered bonds, and corporate credit instruments. The firm acts as a liquidity provider to pension funds, insurance companies, and municipal treasury departments, supplemented by an asset management division running fixed-income and credit mandates.
Is ICECAPITAL Securities part of a banking group?
No. ICECAPITAL Securities is an independent non-bank investment firm, part of the privately held ICECAPITAL group. Prior group structures included ICECAPITAL Bank, but the securities entity operates as a standalone regulated investment firm under Finnish law. This independence structurally differentiates it from Nordic fixed-income desks housed within universal banks such as Nordea, Swedbank, or SEB.
Who owns ICECAPITAL?
Exact ownership details are not publicly disclosed. The group was founded in 1998 by a consortium of finance professionals and has remained privately held. Public records indicate the group structure includes ICECAPITAL Securities Ltd and related asset management entities, all domiciled in Finland under FIN-FSA regulatory supervision.
Which client types does ICECAPITAL Securities serve?
The firm serves institutional clients exclusively, with its brokerage and market-making operations directed toward Finnish pension funds, insurance companies, municipalities, and corporate treasury departments. Asset management mandates are similarly institutional. There is no publicly available evidence of retail or mass-affluent direct client operations.
Does ICECAPITAL Securities disclose assets under management?
No. The firm does not publicly report AUM or total client asset figures. As a privately held, non-listed Finnish investment firm, it is not subject to the same disclosure requirements as publicly traded asset managers, and it has chosen not to publish these metrics voluntarily.
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