Where is CapMan headquartered?

CapMan is headquartered in Helsinki, Finland, according to the public sources this profile is built from.

When was CapMan founded?

Public sources give 1989 as the year CapMan was founded.

Which sectors does CapMan invest in?

CapMan lists Real Estate, Infrastructure, Natural Capital, Energy and Utilities and Transportation among its focus areas.

How many portfolio companies does CapMan have?

PE Firm Index lists at least 6 CapMan portfolio companies as of 2026-11-06. This list is partial: the full portfolio on the firm's own site is still being read.

What deals has CapMan done recently?

The most recent deal on record here is: CapMan acquired PDSVISION. This page lists 1 deal, each with its public source.

Public sources name Pia Kåll (CEO), Atte Rissanen (CFO) and Heidi Sulin (COO) among CapMan's leadership.

Which firms are similar to CapMan?

By overlap in portfolio sectors in this index: Macquarie Infrastructure and Real Assets, Blackstone and Foresight Group.

PE Firm · Capital Allocator

CapMan

Medium

Helsinki, Finland · Founded 1989 · Website

Active OwnershipReal Asset DebtWealth ManagementStrategic GrowthHands-on ManagementReal EstateInfrastructureNatural CapitalEnergy and UtilitiesTransportationDigital InfrastructureForestryCircular EconomyPrivate Equity

Last verified

11/6/2026

Firm Overview

At least 6

Portfolio tracked

Sectors

Regions

11/6/2026

Last verified

CapMan is a Nordic private markets firm that invests in real estate, infrastructure, natural capital, and unlisted companies through active ownership and a hands-on approach. The firm focuses on building resilient assets and developing leading companies to create long-term value for investors and society.

CapMan is a private markets pioneer in the Nordics. Its funds invest in real estate, infrastructure, natural capital, and unlisted companies, while also offering wealth management services and access to investment solutions. The firm aims to build value for the enrichment of society by developing resilient assets and essential services.

The firm employs various strategies, including real estate investment, infrastructure development in energy and utilities, and natural capital management focused on sustainable forest assets. Their private equity approach combines industrial experience with analytical skills to identify and develop attractive opportunities in the Nordic region.

Sustainability is embedded across all investment activities, focusing on measurable results and responsible governance. CapMan plays an active role in the transition to sustainable business models by building well-managed companies that support economic well-being while reducing environmental and societal impact.

Founded1989

HeadquartersHelsinki, Finland

StrategiesActive Ownership, Real Asset Debt, Wealth Management, Strategic Growth, Hands-on Management

Sector focusReal Estate, Infrastructure, Natural Capital, Energy and Utilities, Transportation, Digital Infrastructure, Forestry, Circular Economy, Private Equity

Leadership

Pia Kåll

CEO

Pia Kåll became CapMan's CEO in March 2023, having joined CapMan Buyout in 2016 as a partner and was designated managing partner in 2017.

Atte Rissanen

CFO

Atte Rissanen is CapMan's CFO and responsible for strategy and business development, having been with the Group since 2017.

Heidi Sulin

COO

Heidi Sulin has been COO of CapMan and member of the Management Group since November 2021, previously serving as General Counsel at the firm.

Jyri Hietala

Managing Partner, Natural Capital

Jyri Hietala is the Managing Partner of CapMan Natural Capital and has over 15 years of experience within the forest sector.

Mika Koskinen

Managing Partner

Mika Koskinen has previously served as Head of Private Wealth Management & Family Office at SEB in Finland.

Antti Kummu

Managing Partner, Growth

Antti has 20 years of experience in working with successful growth companies, joining CapMan in 2017.

Mika Matikainen

Managing Partner, Real Estate

Mika Matikainen joined CapMan in 2006 and has expanded CapMan Real Estate into a pan-Nordic asset manager.

Anna Olsson

Head of Sustainability

Anna Olsson joined CapMan in September 2021, having previously worked at sustainability consultancy ISS ESG.

Ville Poukka

Managing Partner, Infra

Ville Poukka has nearly 20 years of experience in private equity and investment banking and chairs CapMan Infra’s investment committees.

Mari Simula

Head of Fund Investor Relations

Mari Simula has group-level responsibility for coordinating fundraising and fund investor relations activities.

Antti Uusitalo

Partner, Special Situations

Antti Uusitalo has 15 years of experience in mergers and acquisitions as an investment banker.

Michael Morgenroth

Managing Partner, Real Asset Debt & CAERUS CEO

Michael Morgenroth is the founder and CEO of CAERUS Debt Investments AG and joined CapMan in 2025 as Managing Partner.

Tomi Alén

Partner, Growth

Tomi has more than 15 years of experience in working with growth companies, including roles at RELEX Solutions and in mid-cap buyout investments.

Peter Anthuber

Co-Managing Partner, CIO Real Estate Debt

Sauli Antila

Operating Partner, Infra

Kajsa Bagler

Head of Asset Management Sweden, Real Estate

Magnus Berglund

Partner, Head of CapMan Real Estate Sweden & Norway

Deals on record

1 on record in the index

Platform investment

CapMan acquired PDSVISION

Date not stated

Source: pdsvision.com

Deals are listed only where a public source names both sides. Submit a correction.

Portfolio on record

Portfolio by sector

Unclassified6 of 6

6 portfolio companies on record in the index, grouped by sector hub.

Current and exited

Current: 6 of 6Exited: 0 of 6

Portfolio size among all firms

At least 6 companies on record, more than 18% of the 405 firms in the index.

0885 companies (log scale)

Partial portfolio on record.

Portfolio Companies

Company	Sector	Status	Website
Groweo	Not on record	Current	Not on record
Innofactor	Not on record	Current	Not on record
Napier	Not on record	Current	Not on record
Niemi Services	Not on record	Current	Not on record
Skarta Energy	Not on record	Current	Not on record
TerraWise	Not on record	Current	Not on record

This list is partial. We are reading the full portfolio from CapMan's own site.

We list 6 of about 8 companies on CapMan's site

Source: https://capman.com/investments/

Questions about CapMan

Where is CapMan headquartered?: CapMan is headquartered in Helsinki, Finland, according to the public sources this profile is built from.
When was CapMan founded?: Public sources give 1989 as the year CapMan was founded.
Which sectors does CapMan invest in?: CapMan lists Real Estate, Infrastructure, Natural Capital, Energy and Utilities and Transportation among its focus areas.
How many portfolio companies does CapMan have?: PE Firm Index lists at least 6 CapMan portfolio companies as of 2026-11-06. This list is partial: the full portfolio on the firm's own site is still being read.
What deals has CapMan done recently?: The most recent deal on record here is: CapMan acquired PDSVISION. This page lists 1 deal, each with its public source.
Who leads CapMan?: Public sources name Pia Kåll (CEO), Atte Rissanen (CFO) and Heidi Sulin (COO) among CapMan's leadership.
Which firms are similar to CapMan?: By overlap in portfolio sectors in this index: Macquarie Infrastructure and Real Assets, Blackstone and Foresight Group.

Sources for this profile, updated 2026-11-06

Firm website
Deal reports (1), linked beside each deal

This profile is based on publicly available information and may be incomplete or outdated. PE Firm Index is not affiliated with CapMan and does not provide investment advice.

Firms similar to CapMan

Macquarie Infrastructure and Real Assets

Both hold B2B Software and Energy companies; portfolio not yet mapped.

Blackstone

Both hold B2B Software and Energy companies; 18 tracked portfolio companies.

Foresight Group

Both hold B2B Software and Energy companies; 1 tracked portfolio companies.

Angelo, Gordon & Co.

Both hold B2B Software and Energy companies; 30 tracked portfolio companies.

Chosen from this index by overlap in portfolio sectors, then by portfolio size. Not a ranking or a recommendation.

Firm Intelligence

Portfolio trackedAt least 6
SectorsReal Estate, Infrastructure, Natural Capital, Energy and Utilities, Transportation, Digital Infrastructure, Forestry, Circular Economy, Private Equity
RegionsNot on record
AUMNot on record

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Claiming is free and reviewed by hand. Correct facts and add your portfolio or team.

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