Verdane Capital closes largest fund to date at SEK 2bn
Oslo/Copenhagen — Verdane Capital VIII K/S (Verdane VIII) has closed on commitments of SEK 2bn. The fund is Verdane’s largest to date and secures new capital for Nordic growth companies. More than half of the capital has been raised from investors outside the Nordics.
“We are pleased to announce that Verdane VIII has secured 2bn in commitments. The fund will be invested in Nordic companies with international growth potential active in IT, energy and advanced industry”, says Lars B. Thoresen, Managing Partner at Verdane Capital Advisors.
Ten new investors have invested in the fund which is the largest Verdane fund ever. More than half of the fund’s capital comes from investors outside the Nordics.
“Verdane funds hold a unique position in the Nordic market because they invest in unlisted portfolios – which the response to the latest fund clearly demonstrates. We are happy about the confidence these new and old investors have shown”, adds Lars B. Thoresen.
Among the investors who back the fund are Swedish Pension fund AP3, the European Investment Fund, French insurance company CNP as well as Finnish Industry Investment, and some significant US institutional investors.
Verdane VIII has already invested in sixteen companies through three different portfolios in Sweden and Norway. The companies are active in e-commerce, energy and IT.
“We are searching for further investment opportunities within these sectors, and within technology driven industry. The fund offers liquidity to sellers in a time efficient way, and has the flexibility to buy a complete portfolio, parts of a portfolio or just a single shareholding. The companies can benefit from our experience and knowledge. We already see a lot of interest from potential sellers, but would also be happy to discuss new opportunities”, says Bjarne Lie, Managing Partner at Verdane Capital Advisors.
Verdane funds hold a unique position in the Nordic market because they invest in unlisted portfolios – which the response to the latest fund clearly demonstrates. We are happy about the confidence these new and old investors have shown.
About Verdane and Verdane Capital Advisors
Verdane Capital Advisors is the Nordic market’s largest and most successful independent manager of secondary direct funds. Verdane funds have more than SEK 6bn in committed capital and are focused on buying Nordic portfolios of direct investments in attractive sectors such as energy, ICT and general industries. The funds will also consider investments directly in selected growth-stage companies. Since 2003, the funds advised by Verdane Capital Advisors have acquired 22 portfolios with stakes in over 250 companies. Verdane has invested in companies such as CRF Health, Mathem, BytHjul, Resman and Wireless Maingate. Former holdings include Coding Technologies, Chipcon, DIBS, Nacre, Reslink, Reslab and Tradedoubler. For more information, please visit www.verdanecapital.com
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