Segulah raises SEK 1.9bn for fifth fund
Swedish GP Segulah has raised commitments of SEK 1.9bn towards the SEK 5.6bn target of its Segulah V vehicle, according to a filing with the US Securities and Exchange Commission (SEC).
Though a formal close has not been announced, the SEC Form D shows Segulah has raised a total of $216.3m, including $129.7m in offshore offerings to non-US investors and $66.6m in simultaneous offshore offerings to non-US affiliates and related parties.
The filing for Segulah V also shows MVision is acting as the placement agent for the fund, and is entitled to claim an estimated $60,543 in sales commission for investors participating in offerings that are exempt from SEC registration.
Jersey-registered Segulah V was launched in August last year. At the time, the GP's filing showed it did not intend the offering to last more than a year – the amended document filed this month shows the same box ticked.
The recently amended Form D shows the fund's first commitment was sold on 22 September last year.
unquote" has reached out to Segulah for comment.
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