CapMan is a pioneer in the Nordic real asset management field. In fundraising, CapMan leans into its profile as a Nordic local expert offering attractive returns in alternative asset classes. The company targets EUR 10bn AUM by 2027, which we estimate should come with significant scale in fee profit. In terms of momentum, we flag that the recovering market should help lift carried interest. We initiate coverage with a fair value range of EUR 2.2-2.5.
LÄS MER
