Storebrand Asset Management has grown significantly over the past years and has built a strong position outside the home markets Norway and Sweden. Storebrand is one of the largest and fastest growing asset managers in the Nordics with more than NOK 1 trillion of assets under management.

"This acquisition accelerates Storebrand Asset Management's growth strategy within Nordic alternative assets and will strengthen our position as the gateway to the Nordics. Our growth is a sign of confidence from our clients, and we are well positioned on ESG and alternatives, the strongest trends in asset management. Capital Investment will strengthen our investment offering in alternative investments – particularly within real estate. They have well established Danish and international client relationships, and we see mutual benefits for both clients and Storebrand through this acquisition. Capital Investment and their clients will also benefit from Storebrand's expertise within ESG," says CEO Storebrand Asset Management, Jan Erik Saugestad.

The acquisition of Capital Investment is in line with the strategy presented at Storebrand's Capital Markets Day in 2018 and reiterated in 2020; to look for bolt-on acquisitions that complement the current business to accelerate growth. Capital Investment will become part of Storebrand Asset Management's multi-boutique offering and continue as a separate company within real estate activities.

Storebrand is a large and important player in the Nordic real estate industry with assets worth NOK 50 billion under management. Capital Investment, which manages close to DKK 20billion (NOK 28 billion) of assets, will add investment capabilities and a complementary network for deal sourcing to accelerate the expansion in Denmark and internationally.

"We are very happy to welcome Capital Investment as part of Storebrand Asset Management. Our combined resources and knowledge represent a great opportunity to further strengthen our Nordic offering. We experience that many institutional investors seek diversification, and non-Nordic investors have a desire to invest across the region. Capital Investment has over the years built a strong and loyal pool of international tier one clients that wish to invest cross Nordic. By joining forces, we can approach new markets and segments efficiently both in the Nordics and internationally," Saugestad continues.

Capital Investment's CEO Jesper Damborg, looks forward to building a stronger team:

"We are thrilled to join forces with Storebrand Asset Management, a transaction which will combine two strong local market leaders into one pan-Nordic platform for best-in-class real estate asset management services. With Storebrand Asset Management, we are able to continue the differentiated and hands-on work with our properties and customers, while expanding our service palette to bring new and exciting concepts to the table."

Truls Nergaard, Head of Real Estate in Storebrand Asset Management adds:

"This enables us to quickly respond to investors' pan-Nordic need for real estate investments, with feet on the ground in three important markets. The acquisition creates exciting business opportunities in all segments, based on in-depth knowledge of clients in a market often seen as one region."