CapMan and CAERUS Debt Investments AG enter partnership and launch new investment area CapMan Real Asset Debt!

CapMan Plc ("CapMan")  and CAERUS Debt Investments AG (“CAERUS”) have today signed an agreement where CapMan acquires 51 per cent of the shares of CAERUS, a leading manager for real estate debt investments in Germany, from the company’s current shareholders. CAERUS offers institutional investors access to real estate debt investments through funds and individual mandates, with some EUR 700 million of assets under management currently.

With the transaction CapMan establishes a new investment area CapMan Real Asset Debt, that complements the existing real estate, infrastructure and natural capital investment areas and further strengthens CapMan’s focus on real asset investments. 

“Real asset debt is a natural addition to our existing offering and an area where we see increasing demand and investor interest. I’m impressed with CAERUS extensive experience in the area, and excited to join forces with founder and CEO Michael Morgenroth and his team,” says Pia Kåll, CEO of CapMan.

At closing of the transaction Michael Morgenroth will be appointed to CapMan’s Management Group as Managing Partner for Real Asset Debt investment area.

"The whole CAERUS team is thrilled to partner with CapMan and look forward to this next chapter. CapMan’s platform and strong presence in the Nordics especially within real estate provides us access to asset management resources and local market understanding that offer interesting expansion opportunities. At the same time we can support CapMan’s investment teams with local knowledge of the DACH and Benelux regions. By pooling our expertise, we are further expanding our market position in continental Europe and enabling our clients to benefit from this stronger market presence,” says Michael Morgenroth.

The acquisition is expected to be completed during the third quarter of 2025 after customary closing conditions have been fulfilled.