Sentica’s fourth fund hits first close

The fund is registered in Finland. Sentica started discussions regarding fund commitments with existing investors approximately a year ago. The investment period was set at five years and the term is 10 years.

Sentica manages four funds with total capital commitments of close to €300m.

The GP currently has 16 portfolio companies including: Nordic pizza chain Kotipizza; Nordic technical engineering company Citec, focused on the energy sector; and Pihlajalinna, a privately-owned healthcare services provider in Finland.

Investors
Commitments to the fund have been made by Finnish institutional investors and high-quality European funds-of-funds, outside the Nordic region.

Sentica's existing investors contributed approximately 90% of the commitments to the first close.

Investments
The fund will focus on making majority investments in Finnish lower mid‐market companies. It will typically make one to three new platform investments per year. Investment is assumed to be around €7-15m per portfolio company.

Sentica is actively looking for proprietary deal opportunities while all auction processes will also be analysed and considered. Several investment discussions are already underway.

People
Mika Uotila is a managing partner at Sentica.

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