Sunstone Capital holds second close at EUR181m

Fund

Sunstone Capital A/S has held a second closing of Sunstone Life Science Ventures Fund II and Technology Ventures Fund II, attracting approximately EUR21m in total. The second closing brings the total commitment to both funds to EUR181m.

Investors

New investors include Sampension Private Equity FMBA, which invested in both funds, and Finnish Industry Investment Ltd, which invested in the technology fund. Private investors also participated in the round through a feeder fund managed by Carnegie Private Banking. The first closing included institutional investors Industriens Pension, Nordea Liv & Pension, Tryg i Danmark, MP Pension, Lonmodtagernes Dyrtidsfond and Danish state-backed Vaekstfonden.

Investments

The fund's capital will primarily be invested in Nordic early-stage companies in the life science and technology sectors. Sunstone aims to invest in approximately 20-30 companies over a three to four year period. In its first year, Sunstone has thus far made eight investments from these funds.

People

Michael Elias, David Carratt, Javier Rojas, and Maximilian Bleyleben are the managing directors at Kennet. Mark Mifsud, Leon Santos and Justin Dolling provided legal advice on behalf of Kirkland & Ellis.

Name: Sunstone Life Science Ventures Fund II and Technology Ventures Fund II

Close: EUR181m

Focus: Life science, technology

Contact: Peter Benson and Jimmy Fussing Nielsen

Address: Sunstone Capital A/S, Lautrupsgade 7, 5, 2100 Copenhagen, Denmark

Tel: +45 2012 6000

Fax: +45 3920 9898.

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• Venture
• Nordics