Mandatum Asset Management has signed an agreement concerning the purchase of real estate fund management company Trevian Funds AIFM Ltd. In connection with the transaction, Trevian’s entire fund management business, including the personnel employed by the company, will transfer to Mandatum Asset Management.
Trevian Funds AIFM is a Finnish privately owned real estate fund management company that currently manages two funds: Trevian Finland Properties I and Trevian Carbon Sink Real Estate I Ky. Established in 2017, Trevian Funds AIFM has more than EUR 300 million in assets under management.
Trevian Funds AIFM and Mandatum Life launched a commercial partnership in 2018, when Trevian’s special common fund Trevian Finland Properties I was included in Mandatum Life’s range of investment products offered to customers and the company’s real estate investment programmes.
“We know Trevian well as a company, as we have several years of collaboration behind us. Trevian’s excellent knowledge of real estate made it a natural acquisition for us”, says Mandatum Asset Management’s CEO Lauri Vaittinen.
“I am very pleased that our years of close and growing cooperation with Mandatum are now leading to a new phase in which Trevian Funds AIFM will get a strong new owner. Trevian’s real estate expertise and Mandatum’s strong position in the capital markets guarantee excellent success in the real estate investment market”, says Reima Södervall, Chairman of the Board and Founding Partner of Trevian Funds AIFM.
“We are very pleased that a company we founded is once again being acquired by a major player in the financial sector. We are particularly pleased on behalf of our staff, as our company’s top team will be able to continue working for an excellent company with the best employer image in Finland and strong career prospects. After this transaction, we can focus on creating something completely new in the Finnish real estate sector again”, say Kari Kolu and Amos Janhunen, Founding Partners of Trevian Funds AIFM.
“The transfer of the business to Mandatum Asset Management will enable the strong growth of our real estate fund business also in the future and offer our team a vantage point in a prestigious group. We are looking forward to this cooperation”, adds Emilia Riikonen, CEO of Trevian Funds AIFM.
Trevian Funds AIFM will be taken over by Mandatum Asset Management during the autumn of 2021. Completion of the transaction requires an approval by the Financial Supervisory Authority.
Lauri Vaittinen, CEO, Mandatum Asset Management, firstname.lastname@example.org, +358 50 382 1674
Niina Riihelä, VP Marketing and Communications, email@example.com, +358 40 728 1548
Trevian Funds AIFM Ltd
Reima Södervall, Chairman of the Board, firstname.lastname@example.org, +358 50 362 7400
Kari Kolu, founding partner, email@example.com
Amos Janhunen, founding partner, firstname.lastname@example.org, +358 40 709 2836
Emilia Riikonen, CEO, email@example.com, +358 50 501 2481
Trevian Funds AIFM was established in 2017 and it has a license under the AIFM Directive. The company is based on Finland’s strongest property portfolio management expertise. Non-UCITS Trevian Finland Properties I is its first fund to invest in strong cash flow and development potential, as well as reducing the carbon footprint of its holdings.
Mandatum Asset Management Ltd was formed by combining Sampo Group’s proprietary balance sheet, client assets, and the investment operations from Sampo Plc and Mandatum into a new asset management company. The merger process is still ongoing, and it is expected that Mandatum Asset Management will be fully operational during the second half of 2021. By that time, Mandatum Asset Management will manage around 24bn euros and employ 100 investment professionals. Mandatum Asset Management belongs to Sampo Group and is a sister company to Mandatum Life Insurance Company Ltd.