Nordic Capital Raises €2 Billion for New Fund
Recently, Nordic Capital, a distinguished player in the private equity sector, successfully closed its latest fund, Nordic Capital Evolution II, accumulating an impressive EUR 2 billion. Remarkably, this substantial sum was raised within just four months of the fund’s launch, surpassing its initial target of EUR 1.4 billion and hitting its hard cap. The enthusiastic support for this fund highlights the confidence LPs have in Nordic Capital’s capabilities and strategies, particularly in navigating challenging investment landscapes. The fund's investor base is notably diverse, drawing support from a variety of institutional investors, including public and private pension funds accounting for approximately 41%, asset managers and advisers representing around 26%, sovereign wealth funds at 14%, family offices and foundations making up 13%, and financial institutions comprising about 6% of the total investment.
Nordic Capital stands out in the private equity arena as a sector-specialist investor dedicated to fostering sustainable businesses through operational improvements and transformative growth initiatives.
With a strategic focus on selected regions and sectors, the firm leverages its extensive expertise and rich history to identify high-potential investments. The key sectors that Nordic Capital concentrates its efforts on include healthcare, technology and payments, financial services, as well as service and industrial technology. The firm primarily targets investments in Northern European companies, specifically those with an enterprise value (EV) ranging from EUR 100 million to EUR 400-500 million, thus ensuring that it aligns with both its operational capabilities and growth objectives.
Since its inception in 1989, Nordic Capital has made a remarkable impact in the private equity landscape with approximately EUR 26 billion invested across nearly 150 diverse investments. The firm operates with a robust international presence, boasting local offices in prominent cities such as Sweden, the UK, the US, Germany, Denmark, Finland, Norway, and even extending its reach to South Korea. This geographical diversity not only enhances Nordic Capital's understanding of different markets but also strengthens its ability to identify and seize investment opportunities across Europe and beyond, especially in the fast-evolving healthcare, technology, and payments sectors. As Nordic Capital continues to pursue its mission of investment excellence, the latest fund marks another significant chapter in its storied journey within the private equity landscape.
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