Procuritas holds €318m final close for sixth fund

Announced in September 2016, the vehicle launched with a €300m target. After seven months on the road, the fund hit its €318m hard-cap and will commence its investment phase.

According to a statement, PCI VI is domiciled in Sweden and follows the same investment strategy as its predecessors. The GP's previous vintage was Procuritas Capital Investors V, which held a final close on its €200m target in June 2012, after five months on the road. PCI V currently has seven assets in its portfolio.

Quest Fund Placement worked as placement agent for the fund manager, unquote" understands.

Investors
According to unquote" data, Nordic insurance company Gjensidige Forsikring committed an undisclosed amount to the fund, alongside US-based public pension fund State of Wisconsin Investment Board and UK asset management firm F&C Asset Management, which committed $28m and €7m respectively.

Investments
As was the case for its predecessors, the GP will focus on mid-market businesses mainly based in the Nordic market.

People
Procuritas – Tomas Therén (managing partner).

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