CapMan raises €86m for Growth Equity Fund

A final close for the fund is expected to be held on 19 December, CapMan partner Antti Kummu told unquote".

The GP has sold shares in six growth companies for €26.6m and has made an equal commitment in the fund.

The six portfolio companies are media communications firm Aste Holding, health and wellbeing company Coronaria Hoitoketju, robotic process automation firm Digital Workforce Nordic, sales platform provider Fluido, telecoms company Polystar Instruments, and child day care operator Touhula Varhaiskasvatus.

The Growth Equity Fund will focus on minority investments in unlisted companies with growth potential.

In August 2017, the Finnish GP said it was seeking to raise €80m by year-end for its new Growth Equity Fund.

The vehicle's cornerstone investor is Finnish life insurance company Mandatum Group. Other investors are Finnish entrepreneurs and family offices, as well as local Finnish LPs and other institutional investors.

The newly established fund aims to invest €2-10m in each target company and develop it for two to five years together with the entrepreneur.

The fund will make minority investments in companies that have passed the startup phase and are in a situation where growth can be accelerated with additional capital.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Funds
• Venture
• Nordics
• Technology
• Finland
• CapMan