IS Funds

About

IS Funds is a subsidiary of Íslandsbanki, that leads a consortium of investors, amongst them a number of Icelandic institutional investors, mainly pension funds. Their Alternative Investments team consists of six experts with extensive knowledge of private equity investments and real estate development. The team currently manages Akur Private Equity Fund as well as two real estate funds, 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. 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.

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