Nordic Capital hires new partner for Evolution team

Chan joins from Silverfleet Capital, where he spent 18 years and was a partner with responsibility for investment activities in the healthcare sector.

Silverfleet no longer intends to raise capital for its third flagship fund, turning its focus to follow-on investments and realisations in its existing portfolio, as recently reported by Unquote. The GP registered Silverfleet Capital Partners III in July 2019, according to Unquote Data. The vehicle was expected to follow the strategy of its predecessor, backing mid-market businesses valued in the EUR 25m-300m region in the UK and Ireland, the DACH region, France, Benelux and the Nordic countries.

Prior to joining Silverfleet, Chan worked at Credit Suisse in both private equity and leveraged finance.

Nordic Capital held a first and final close for its first mid-market vehicle, Nordic Evolution, at slightly more than EUR 1.2bn in July this year. The GP launched the fund in April 2021 and took three months to raise the vehicle. The new fund focuses on the mid-market space, and aims to acquire controlling stakes in non-cyclical companies within Nordic Capital's core focus areas of healthcare, technology, payments and financial services. The fund has made three investments so far.

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

• Topics
• People
• Nordics
• GPs
• Nordic Capital
• Silverfleet Capital
• people moves