Ferd Private Equity spins out to Herkules Capital

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Ferd Private Equity has spun-out from Ferd AS group and changed its name to Herkules Capital. Ferd AS and Herkules are now two independent companies and Herkules will relocate from Ferd's office to central Oslo during the next 10 months. The organisation's structure and its portfolio of businesses will remain the same.

Ferd will no longer be the cornerstone investor in the GPs third fund, which is expected to be launched later this year. The investment house acted as cornerstone to the two previous funds and will continue to invest in Herkules as an ordinary LP. However, the two houses will continue to work closely together on the two existing funds in which Ferd has invested NOK 3.7bn. The spin-out has been on the cards for some time, but was not the result of disagreements between Ferd and the Herkules management team. The choice to spin-out came after Ferd decided to build up a broader investment house and the conclusion reached was that the private equity unit was better suited to operate independently.