FSN approaches €600m close

A filing with the SEC at the beginning of August this year showed FSN had held a first close at $25m for its fourth vehicle.

FSN, which targets mid-cap businesses in the Nordic region, closed its previous vehicle FSN Capital III in September 2008 on €375m. The fund prior to that, FSN Capital II, closed on €151m in 2006.

FSN, which currently has €525m under management, makes investments in businesses with enterprise values between €20-200m. Its current portfolio includes Validus, Troax Group and Denmark-based Skamol.

FSN declined to comment.

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• Topics
• Nordics
• Fundraising
• Norway
• FSN Capital