The value-add Profi V fund will target cities in Sweden including greater Stockholm. : Profi Fastigheter is planning to raise SEK3bn (€280m) for its latest real estate fund, the Swedish fund manager said. The value-add Profi V fund will target major cities in Sweden including greater Stockholm, Gothenburg and the Malmo region. The fund will buy office, light industrial, logistics, mixed-use and social infrastructure to generate a net internal rate of return (IRR) of 13% to 14% with an equity multiple of 1.9%. It will use debt of up to 65% loan to value.