SVEAFASTIGHETER FUND III

February 2011

First Avenue was lead placement agent for Sveafastigheter's third fund ex Nordic region, together with Park Madison Partners of New York and Leimdörfer, headquartered in Stockholm.

Based in Stockholm with offices in Helsinki and Malmö, Sveafastigheter is a leading Nordic private equity firm focusing solely on real estate investments. Capital commitments totalling E317 million were raised for Sveafastigheter Fund III, which finally closed in February 2011, raising almost twice as much as the prior two funds combined, despite a very challenging fund raising environment.

The first opportunistic real estate fund, Sveafastigheter Sverige I, was launched in 2003 and its second fund, Sveafastigheter Fund II in 2006. Sveafastigheter Fund III is an opportunistic fund focusing on real estate investments in the Nordic/Baltic countries, primarily Sweden and Finland.

Participants in the final closing mainly consist of leading global institutional investors. The commitments are divided equally between Nordic, other European and non-European, mainly American, investors.