Our Alternative Investments team consists of six experts with extensive knowledge of private equity investments and real estate development.
The team currently manages Akur and Eldey private equity funds as well as the real estate funds Fast-1, Fast-3 and 105 Miðborg.
Akur Private Equity fund, established in December of 2013, is now fully invested and the portfolio is comprised of five assets in various industries. Akur´s focus is on unlisted, profitable companies with clear vision, strong management team and opportunities for growth. Shareholders are currently 13, mostly pension funds.
Eldey TLH hf. focuses on recreational investments within the Icelandic tourism industry, specifically larger targets with known operational history, trademark and experienced management. Eldey, which currently has invested 70% of its capacity, is a corporation owned by six pension funds, Íslandsbanki, Íslensk fjárfesting ehf. and group of private bank clients organized via Íslandsbanki´s Private Bank.
Fast-1 real estate fund, which was established in 2012, is in the process of being sold after five years of successful real estate investment and asset portfolio management.
Fast-3 real estate fund, which was established in February 2016 has invested in a construction of a hotel in cooperation with the Scandinavian hotel group First Hotels. The hotel started its operation in December 2017.
The newest addition to alternative investments is 105 Miðborg, which is a real estate project that includes residential housing, hotel and office facilities.