Texas retirement fund commits €40m to Nordic Capital VIII

The commitment to Nordic Capital matches that injected into CVC Capital Partners VI in July this year, which helped the GP close the fund that month on €10.5bn after an impressive six months on the road.  

TCDRS' largest commitment of the year though occurred in February, when the LP supported US hedge fund Davidson Kempner with a commitment to its Long-Term Distressed Opportunities Fund II.

In February this year, Nordic Capital held a first close of Nordic Capital Fund VIII on €1.7bn, exceeding its target of €1.5bn. More than 40 LPs came in at the first close, including Washington State Investment Board, Virginia, New Mexico State Investment Council and MassPRIM. The fund's LP base is split across the US and Europe. 

The GP began marketing the vehicle in April 2012, and plans to raise around €3bn. The fund  kicked off its investment period in May 2013, with the acquisition of Danish logistics company Unifeeder from Montagu Private Equity in a deal understood to be worth around €400m. 

unquote" spoke to Nordic Capital CEO Klas Tikkanen regarding fundraising and investment strategy earlier this year. 

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