Mandatum Acquires Trevian

Stockholm (HedgeNordic) – Mandatum Asset Management, an asset management firm formed by combining Sampo Group’s and Mandatum Life’s investment operations, has signed an agreement to acquire real estate fund management firm Trevian Funds AIFM. With more than €300 million under management, the Finnish privately-owned fund management company currently manages two funds: Trevian Finland Properties I and Trevian Carbon Sink Real Estate I Ky.

Mandatum Life, which was the life insurance and asset management arm of Finnish insurance group Sampo prior to the establishment of Mandatum Asset Management, signed a commercial partnership with Trevian Funds back in 2018 to include Trevian Finland Properties I in Mandatum Life’s range of investment products and its real estate investment programmes. “We know Trevian well as a company, as we have several years of collaboration behind us,” comments Lauri Vaittinen, the CEO of Mandatum Asset Management. “Trevian’s excellent knowledge of real estate made it a natural acquisition for us.”

“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.”

“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, ensuring the continued growth of the company,” says Reima Södervall, Chairman of the Board and Founding Partner of Trevian Funds. “Trevian’s real estate expertise and Mandatum’s strong position in the capital markets guarantee excellent success in the real estate investment market,” he adds.

“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.”

“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,” comments Emilia Riikonen, the CEO of Trevian Funds. “We are looking forward to this cooperation.” Trevian’s entire fund management business, including the personnel employed by the company, will transfer to Mandatum Asset Management during the autumn of this year. The acquisition is subject to approval by the Finnish Financial Supervisory Authority.

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Eugeniu Guzun serves as a data analyst responsible for maintaining and gatekeeping the Nordic Hedge Index (NHX), as well as being a novice columnist covering the Nordic hedge fund industry for HedgeNordic. Prior to joining HedgeNordic, Eugeniu had served as a columnist for a U.S. journal covering insider trading activity, activist campaigns and hedge fund moves. Eugeniu completed his Master’s degree at the Stockholm School of Economics in 2018.

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