ICECAPITAL Group
ICECAPITAL is an independent Nordic Group specialized in investment banking, asset management and private equity funds. It employs some 70 professionals in Finland, Sweden, Norway and Denmark and its assets under management are 3.4 billion euro. The parent company of ICECAPITAL Group, ICECAPITAL Securities Ltd was founded in 1999.

Further information:
Jyri Viskari, Managing Director, ICECAPITAL Asset Management Ltd, tel. 09 6220 5011

For further information, please contact:
Jyri Viskari, Managing Director, ICECAPITAL Asset Management Ltd, +358 40 548 9272

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ICECAPITAL Group
ICECAPITAL is an independent Nordic Group specialized in investment banking, asset management, private equity funds and brokerage services. It employs some 70 professionals in Finland, Sweden, Norway and Denmark and has assets under management in excess of 3.4 billion euros. The parent company of ICECAPITAL Group, ICECAPITAL Securities Ltd was founded in 1999.

ICECAPITAL Financial Products Ltd will focus on developing and distributing structured products offered by ICECAPITAL Asset Management Ltd to its own client base. Product delivery and issuance is done together with leading international investment banks.

The new company strengthens the product development capabilities of ICECAPITAL Asset Management Ltd, enabling a significant broadening of the product and service offering. Following the broadened capabilities, ICECAPITAL Asset Management Ltd will offer frequent public products with subscription periods as well as customized solutions for bespoke client requirements.

For further information, please contact:
Jyri Viskari, Managing Director, ICECAPITAL Asset Management Ltd, +358 40 548 9272
Niklas Åkerfelt, Managing Director, ICECAPITAL Financial Products Ltd, +358 40 589 6535

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ICECAPITAL Group
ICECAPITAL is an independent Nordic Group specialized in investment banking, asset management, private equity funds and brokerage services. It employs some 70 professionals in Finland, Sweden, Norway and Denmark and has assets under management in excess of 3.4 billion euros. The parent company of ICECAPITAL Group, ICECAPITAL Securities Ltd was founded in 1999.

ICECAPITAL Group

ICECAPITAL is an independent Nordic Group specialized in investment banking, asset management, private equity funds and brokerage services. It employs some 70 professionals in Finland, Sweden and Denmark and its assets under management exceed 3 billion euro. The parent company of ICECAPITAL Group, ICECAPITAL Securities Ltd was founded in 1999. 

Further information

Ari Lahti, Managing Director, ICECAPITAL Securities Ltd, tel. +358 400 601 579
Wisa Majamaa, Managing Director, ICECAPITAL Real Estate Asset Management Ltd, tel. +358 40 826 1001

The Board of ICECAPITAL Real Estate Asset Management Ltd has started the process of selecting Hannu’s successor.

To facilitate further growth we are moving to new bigger premises on 21st of August. Our new office is located at Kluuvikatu 3 (7th floor), where ICECAPITAL Markets, the securities brokerage unit, has already operated since last November. ICECAPITAL Fund Management Company Ltd, ICECAPITAL Life Ltd and ICECAPITAL Real Estate Asset Management Ltd will also be moving into the same premises.

ICECAPITAL Securities Ltd, operating in investment banking, will remain in its current premises at the Book Building (Keskuskatu 1 A).

Our new postal and street address:

Kluuvikatu 3
FI-00100 Helsinki
Finland 
Phone numbers and other contact details will remain as before

ICECAPITAL has established its third private equity housing fund, ICECAPITAL Housing Fund II LP, which invests in rental apartments in Finland. The total capital of the fund, administered by ICECAPITAL Real Estate Asset Management II Ltd and owned by its investors, is some 400 million euro.

The biggest investors are VR Pension Fund, The State Pension Fund, Etera Mutual Pension Insurance Company, Local Insurance Mutual Company, Finnish Cultural Foundation and Cooperative Association Tradeka.
New rental apartments will be constructed in the metropolitan area and other growth centers

The fund invests in new, privately financed or renovated rental apartment buildings in the metropolitan area and in the districts of Tampere, Oulu, Jyväskylä, Turku, Kuopio, Hämeenlinna, Joensuu, Lahti, Lappeenranta, Vaasa and Riihimäki.
 
New rental apartments are constructed in ready planned destinations along with contracts ICECAPITAL Housing Fund II LP has made together with considerable construction companies.

The start-up portfolio of the fund consists of 20 housing companies, totally 1,056 apartments. Some 700 of these apartments are supposed to be built in accordance with a temporary interest subsidy financing model. The value of the start-up portfolio is some 185 million euro. Further investments, along with the fund’s investment strategy, will be made during the following three years.

The private equity housing fund is a good owner considering both investors and tenants

ICECAPITAL Housing Fund II LP enables indirect rental apartment ownership, an effective use of debt financing and gives the opportunity to spread investment portfolio risk.

Considering indirect ownership of rental apartments, where the fund is responsible for rental and administration, investors’ real estate management gets easier. In addition, service and administration of tenants are developed when the fund focuses on these special activities.

”The fund is a safe and persistent renter which strives to ensure that the apartments stay in rental use”, says Hannu Parikka, managing director of ICECAPITAL Real Estate Asset Management Ltd, which is responsible for the administration of the fund. “The demand for rental apartments is growing continuously in the biggest cities and their neighboring municipalities”, Hannu Parikka notes, referring to the success of ICECAPITAL’s first housing fund.

For more information:

Hannu Parikka
managing director, ICECAPITAL Real Estate Asset Management II Ltd, tel. 09-6220 5020

Ari Lahti
managing director, ICECAPITAL Securities Ltd, tel. 0400-601 579

Jyri Viskari
managing director, ICECAPITAL Asset Management Ltd, tel. 09 6220 5011

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ICECAPITAL Group
ICECAPITAL is an independent Nordic Group focusing in investment banking, asset management, private equity and brokerage services. ICECAPITAL employs some 60 professionals in Finland and Sweden and has some 2.8 billion euro assets under management. The parent company of the Group, ICECAPITAL Securities Ltd, is established in 1999.

ICECAPITAL Real Estate Asset Management II Ltd is the administration company of ICECAPITAL Housing Fund II LP and part of the ICECAPITAL Group.

ICECAPITAL Housing Fund I LP 
ICECAPITAL Housing Fund I LP is established in 2006 and is Finland’s first private equity housing fund investing in rental apartments. The fund possesses totally some 1,600 privately financed rental apartments in the metropolitan area and the districts of Jyväskylä, Tampere, Turku, Oulu and Kuopio. The total capital of the fund is 200 million euro.

“Our aim has already for many years been to use innovations and a new approach in order to offer our clients distinctive investment opportunities. This has been our strength and it is emphasized especially in difficult market environments”, says Jyri Viskari, Managing Director of ICECAPITAL Asset Management Ltd. “During this spring ICECAPITAL has also won significant mandates from institutional investors”, he continues.

ICECAPITAL Asset Management Ltd and ICECAPITAL Fund Management Company Ltd belong to the independent ICECAPITAL Group focused on investment banking, asset management and private equity. The asset management services of ICECAPITAL are directed to institutional investors and high net worth individuals. The assets under management (AUM) of ICECAPITAL Group currently amount to 2.6 billion euros, of which 0,3 billion are in private equity funds. 

Further information:

Jyri Viskari, Managing Director, ICECAPITAL Asset Management Ltd, tel. +358 9 6220 5011

“We are happy to be able to represent Finnish sisu and persistence on the world together with Jarkko. As a growing and successful company we want at the same time to keep the Finnish flag high also during these uncertain times”, ICECAPITAL Asset Management’s CEO Jyri Viskari comments.

ICECAPITAL Fund Management Company Ltd launches Mutual Fund ICECAPITAL High Yield Beta (non-UCITS), which invests in European and North American high yield corporate bond markets. The fund primarily invests in liquid index derivatives. Thus it is now for the first time possible to make liquid and cost-effective investments in the high yield asset class through a Finnish mutual fund.

“The yields on high yield bonds have risen to a level not seen before due to the financial crisis. Even though some of the companies eventually might be facing financial difficulties, we believe that the high spreads more than compensate for this risk. We now have the opportunity to achieve excellent fixed-income returns in the high yield sector”, says Jyri Viskari, Managing Director of ICECAPITAL Asset Management Ltd.

The fund invests primarily in Itraxx and CDX –credit risk derivatives, which keeps the transaction costs at a very low level compared to those of traditional bond investments, whereas the liquidity is significantly higher. At the same time the credit risk is slightly lower than in traditional high yield funds, as companies with evident difficulties are excluded from the index. At the starting point the average credit rating of the fund is B-BB and the weight of each underlying company is appr. 2%.

“We have been preparing this high yield fund for some time and have been waiting for the spreads to rise. Now they have gone to the other extreme and therefore we want to offer this asset class as an opportunity. Furthermore, our modern indexing approach allows much more effective investing than previously”, Viskari continues.

The Mutual Fund ICECAPITAL High Yield Beta (non-UCITS) starts on 4.2.2009. The fund is directed to institutional investors and high net worth individuals. The minimum subscription amount is 500.000 euros and the annual management and custodian fee is 0,50%.
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ICECAPITAL Asset Management Ltd and ICECAPITAL Fund Management Company Ltd belong to the independent ICECAPITAL Group focused on investment banking, asset management, private equity and brokerage. The asset management services of ICECAPITAL are directed to institutional investors and high net worth individuals. The assets under management (AUM) of ICECAPITAL Group currently reach 2.1 billion euros. 

Further information:

Jyri Viskari, Managing Director, ICECAPITAL Asset Management Ltd, tel. +358 9 6220 5011