Verdane hits SEK 2bn for latest fund

The vehicle took around one year to raise and was done entirely in-house, without the assistance of a placement agent.

The fund has already invested in 16 companies through three different portfolios in Sweden and Norway. Deals include the 10 Swedish e-commerce companies from media investment firm Aggregate Media in April; two Norwegian energy technology companies, also acquired in April; and four e-commerce companies bought from eEquity in September last year.

The firm's previous fund, Verdane Capital VII, closed in August 2010 above its target of SEK 1.5bn.

Investments
The fund will seek investments in the Nordic region, with a particular focus on IT, energy and advanced industry. Verdane is a direct secondaries player, buying up portfolios of unlisted assets.

Investors
More than 50% of committed capital came from outside the Nordic region, including large US institutional investors. Other investors include the Swedish Pension fund AP3, the European Investment Fund, French insurer CNP and Finnish Industry Investment.

People
Lars Thoresen and Bjarne Lie are managing partners of Verdane.

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• Topics
• Secondaries
• Nordics
• Verdane Capital Partners