Organization · Private Equity

ICAMAP

ICAMAP is an independent investment fund manager based in Luxembourg, specializing in European real estate investments for institutional investors worldwide. The firm manages approximately €2 billion in equity across multiple funds.

Private EquityFunder

Overview

What ICAMAP does

What ICAMAP is

ICAMAP is an independent investment fund manager based in Luxembourg, specializing in European real estate investments for institutional investors worldwide. The firm manages approximately €2 billion in equity across multiple funds.

How it participates in the startup ecosystem

The current public profile supports funder capabilities. Each capability below is shown separately so organization identity and role-specific information do not get conflated.

Operational profile

Organization status and context

Organization status describes the entity itself. Funding and program availability appear within the relevant capability profile.

Operational status
Active
Organization type
Private Equity
Founded
Founded in 2013
Approximate age
About 13 years
Structured capabilities
Funder
Last reviewed
March 4, 2026

Official channels

Find ICAMAP elsewhere

Open the official website or a supported primary organization account.

Capability profile

ICAMAP as a funder

Investment thesis

ICAMAP focuses on high value-added operations in European real estate, managing funds that target small and mid-cap companies, low-carbon developments, and listed real estate securities.

Focus narrative

ICAMAP focuses on investments in European real estate, particularly in high value-added operations. The organization manages three real estate investment funds: ICAMAP Investors I: €750 million equity fund aimed at acquiring stakes in small and mid-cap European real estate companies to unlock hidden value. ICAWOOD: €750 million equity fund dedicated to developing low-carbon offices in the Greater Paris region. ICAMAX: An open-ended fund that invests in listed European real estate securities to deliver high conviction, absolute returns.

Focus and fit

Regions
Europe

Availability

Currently deploying
Not published

Portfolio and track record

Portfolio context

ICAMAP's client base includes a diverse range of investors from various continents, including four sovereign wealth funds, ten insurance companies, and seven family offices. Specific portfolio companies or case studies were not detailed.

Connected ecosystem

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Common questions

What to know about ICAMAP

Upseed classifies ICAMAP under the Private Equity organization type. Its current public profile includes funder capabilities.

Next step

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Source and update disclosure

Know what this page is based on

Source basis

Public organization and program material, official websites, and structured Upseed records.

Last reviewed

March 4, 2026

Known limits

Capability profiles appear only when a structured public profile also contains decision-useful role evidence. Terms and availability can change.

Upseed is an independent guide. It is not affiliated with or endorsed by the organization described on this page.